Sand Sage of West Plains Assisted Living | 701 N Council Rd
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Sand Sage of West Plains Assisted Living 701 N Council Rd
43,553 SF Healthcare Building Online Auction Sale Oklahoma City, OK 73127
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Investment Highlights
- Don’t miss the valuable opportunity to acquire a renovated independent- and assisted-living facility in Oklahoma City.
- Sand Sage of West Plains allows a new owner to capitalize on in-place operations while implementing innovative programs to increase revenue.
- Population that is age- and income-qualified (75+ with an annual income of $50,000+) in the OKC MSA is expected to increase 16% by 2029.
- Conveniently located just 15 minutes to INTEGRIS Health Canadian Valley Hospital and OU Health University of Oklahoma Medical Center.
- Future upside exists through continued occupancy growth, expense control, rental rate increases, and leveraging the Oklahoma Advantage Program.
- Sand Sage of the Highlands is also available for sale on Ten-X, providing an investor the opportunity to purchase two quality assisted living assets.
Executive Summary
Sand Sage of West Plains provides a true value-add opportunity to purchase a well-maintained, operational facility focusing on independent and assisted living in a sprawling, secure campus setting. Located at 701 N Council Road in Oklahoma City, Oklahoma, the property features six independent living units and 69 assisted living units. Sand Sage of West Plains provides an array of amenities, services, and tailored programs to accommodate individual lifestyles, making it a stand-out location for residents. Adjacent to the existing community, there is vacant, developable land which is also zoned R-4. With a total site size of 14.51 acres at West Plains, there is potential to add more independent living cottages, memory care units, or a skilled nursing facility to create a full continuum of care campus.
Positioned in the state capitol, Sand Sage of West Plains captures the attention of residents desiring a location within the city limits. Oklahoma City is approximately 100 miles southwest of Tulsa and 200 miles north of Dallas, Texas. Interstates 35, 40, 44, 235, and 240 are the major expressways that provide access to the city. Lying in the Great Plains region, Oklahoma City has one of the world's largest livestock markets. Oil, natural gas, petroleum products, and related industries are its economy's largest sectors. Oklahoma City embraces the Native American and Western culture and continues to be a center of innovation and entrepreneurship. The city is home to First American cultures and contemporary art, neighborhoods, and districts with unique personalities, thriving local restaurants and craft breweries, national sports and family entertainment, outdoor adventures on the Oklahoma River, and a flourishing live music scene.
Oklahoma City highlights a compelling demographic profile within a 5-mile radius of Sand Sage of West Plains. There are approximately 156,000 residents earning an average household income of $70,000. Around 14% of the population is above the age of 65, and that percentage is projected to increase over the next five years. This positions Sand Sage of West Plains well for future demand. Oklahoma City has remained increasingly popular for residents of all ages, proven by its 17% population growth rate over the past decade, more than double the national average.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Listed by Kendra Roberts with SHOP Companies, OK License #175935
Positioned in the state capitol, Sand Sage of West Plains captures the attention of residents desiring a location within the city limits. Oklahoma City is approximately 100 miles southwest of Tulsa and 200 miles north of Dallas, Texas. Interstates 35, 40, 44, 235, and 240 are the major expressways that provide access to the city. Lying in the Great Plains region, Oklahoma City has one of the world's largest livestock markets. Oil, natural gas, petroleum products, and related industries are its economy's largest sectors. Oklahoma City embraces the Native American and Western culture and continues to be a center of innovation and entrepreneurship. The city is home to First American cultures and contemporary art, neighborhoods, and districts with unique personalities, thriving local restaurants and craft breweries, national sports and family entertainment, outdoor adventures on the Oklahoma River, and a flourishing live music scene.
Oklahoma City highlights a compelling demographic profile within a 5-mile radius of Sand Sage of West Plains. There are approximately 156,000 residents earning an average household income of $70,000. Around 14% of the population is above the age of 65, and that percentage is projected to increase over the next five years. This positions Sand Sage of West Plains well for future demand. Oklahoma City has remained increasingly popular for residents of all ages, proven by its 17% population growth rate over the past decade, more than double the national average.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Listed by Kendra Roberts with SHOP Companies, OK License #175935
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Third Party Reports
- Offering Memorandum
Property Facts
| Sale Type | Investment | No. Beds | 75 |
| Sale Conditions | Auction Sale | Number of Floors | 1 |
| Property Type | Health Care | Year Built/Renovated | 1996/2006 |
| Property Subtype | Assisted Living | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.89/1,000 SF |
| Lot Size | 14.51 AC | Opportunity Zone |
Yes
|
| Building Size | 43,553 SF |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 14.51 AC |
| Building Size | 43,553 SF |
| No. Beds | 75 |
| Number of Floors | 1 |
| Year Built/Renovated | 1996/2006 |
| Tenancy | Single |
| Parking Ratio | 2.89/1,000 SF |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 147971045 | Improvements Assessment | £329,939 |
| Land Assessment | £67,100 | Total Assessment | £397,039 |
PROPERTY TAXES
Parcel Number
147971045
Land Assessment
£67,100
Improvements Assessment
£329,939
Total Assessment
£397,039
Sale Advisors
Sale Advisors
Vincent Viverito, Senior Vice President
(630) 858-2501
Contact
Vince Viverito, Senior Vice President, joined SLIB in 2018, He partners with Jason Punzel, Managing Director, & Matt Alley, Managing Director, on the sale of seniors housing & skilled nursing assets in Colorado, Utah, Idaho, Nevada, New Mexico, Wyoming, Montana and the greater Western & Southwest US markets and have closed over $800 million in Senior Living transactions.
Vince earned a degree in Business Management & Organizational Communications from University of Wisconsin-Parkside. He was a center fielder for the baseball team and graduated cum laude as a member of Gamma Pi- Lambda Pi Eta Communications Honor Society.
Vince lives in the northern Chicago suburbs with his wife Jessica, their two daughters, and their dog Griffey. He enjoys snowboarding in the mountain west, working on his golf game, keeping active at the gym, volunteering, and is an avid traveler. Connect with Vince on LinkedIn here.
Vince earned a degree in Business Management & Organizational Communications from University of Wisconsin-Parkside. He was a center fielder for the baseball team and graduated cum laude as a member of Gamma Pi- Lambda Pi Eta Communications Honor Society.
Vince lives in the northern Chicago suburbs with his wife Jessica, their two daughters, and their dog Griffey. He enjoys snowboarding in the mountain west, working on his golf game, keeping active at the gym, volunteering, and is an avid traveler. Connect with Vince on LinkedIn here.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
-
Vincent Viverito -
Nick Cacciabando -
Senior Living Investment Brokerage
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MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Sand Sage of West Plains Assisted Living | 701 N Council Rd
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