Assisted Living Facilities South Florida
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Assisted Living Facilities South Florida
2 Health Care Properties Offered at £4,660,635 in Lake Worth, FL
Investment Highlights
- The newly renovated interior of this property is fully furnished, with a modern and upscale design.
- Local municipality laws prohibit the construction of additional facilities of the same size category in the area.
- Retention of current staff will contribute to a smooth transition for new owners and help maintain the excellent reputation of the facilities
- Prime location in a densely populated area, which greatly enhances its ability to attract residents and maintain consistently high occupancy rates.
Executive Summary
Building 1: This building has been in operation since 2014 and is fully licensed. It currently operates at 100% occupancy with staff and administrative support in place. It has a strong reputation within the community and has established itself as a reliable assisted living/memory care facility. The building is well-maintained and has undergone renovations in 2020-2021.
Building 2: This is a newly constructed turnkey building that is currently in the licensing process. The interior of the building features a modern design with an upscale and luxurious feel. It is being filled up with residents at a faster pace than projected, and currently at 16 of 21.
Other notable features and details:
The two buildings are located 0.5 miles apart, making it convenient to operate them under one manager.
The owner of the buildings is a real estate developer and is not involved in the daily operations of the assisted living facilities.
The local municipality laws restrict the construction of additional facilities of this size category, indicating limited competition.
Important infrastructure features such as fire sprinklers, fire alarm systems, generator, underground propane gas tank, and a commercial kitchen are in place.
The buildings have a beautifully decorated yard and interior, providing an attractive and welcoming environment for residents.
The exact details, including pictures, will be provided only to qualified buyers. Brokers are protected.
Furthermore, the location is favorable, with approximately 115,000 residents within a 5-mile radius, offering a potentially significant market for the assisted living/memory care facilities.
Please note that specific financial and operational details would require further information, and interested buyers should reach out to obtain more detailed information about the properties.
Building 2: This is a newly constructed turnkey building that is currently in the licensing process. The interior of the building features a modern design with an upscale and luxurious feel. It is being filled up with residents at a faster pace than projected, and currently at 16 of 21.
Other notable features and details:
The two buildings are located 0.5 miles apart, making it convenient to operate them under one manager.
The owner of the buildings is a real estate developer and is not involved in the daily operations of the assisted living facilities.
The local municipality laws restrict the construction of additional facilities of this size category, indicating limited competition.
Important infrastructure features such as fire sprinklers, fire alarm systems, generator, underground propane gas tank, and a commercial kitchen are in place.
The buildings have a beautifully decorated yard and interior, providing an attractive and welcoming environment for residents.
The exact details, including pictures, will be provided only to qualified buyers. Brokers are protected.
Furthermore, the location is favorable, with approximately 115,000 residents within a 5-mile radius, offering a potentially significant market for the assisted living/memory care facilities.
Please note that specific financial and operational details would require further information, and interested buyers should reach out to obtain more detailed information about the properties.
Property Facts
| Price | £4,660,635 | Status | Active |
| Price / SF | £423.69 / SF | Number of Properties | 2 |
| Sale Conditions | High Vacancy Property | Individually For Sale | 0 |
| Net Initial Yield | 15.00% | Total Building Size | 11,000 SF |
| Sale Type | Investment | Total Land Area | 0.13 AC |
| Price | £4,660,635 |
| Price / SF | £423.69 / SF |
| Sale Conditions | High Vacancy Property |
| Net Initial Yield | 15.00% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,000 SF |
| Total Land Area | 0.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4514 Barclay Cres, Lake Worth, FL 33463 | Health Care | 5,500 SF | 1984 | - |
| 4550 Barclay Cres, Lake Worth, FL 33463 | Health Care | 5,500 SF | 1985 | - |
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Assisted Living Facilities South Florida
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