FEAST ON A DURABLE ASSISTED LIVING LOCATION!

Special Purpose for Sale
Also listed as Retail-Commercial, Business Opportunity
Catylist Listing ID: 30182934
Property Subtypes: Health Care/Medical, Senior Housing, Other
Building Size (RSF): 7,352 SF
Sale Price: $1,430,000
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2017

Overview / Comments

The market demand and growth rate for senior related services is in demand anywhere you go. The Assisted Living industry is most notably taking off and has been for some time. However, other opportunities also exist in skilled nursing and memory care as the baby boomer population grows. This investment scenario truly has the ability to make your opportunities more value and integrate a wide variety of senior related services. The location itself is a 15 Bedroom & 15 Bath fully operational assisted living facility with sound revenues and annual income. It is also certified for skilled nursing if desired. The layout would also lend itself to the addition of memory care services if desired. They currently offer 10 private rooms generating $2,500 per month per resident and 5 shared rooms generating $3,000 per month. It is one of the few local area facilities with full Medicaid credential and reciprocates with all the major area insurance carriers including Blue Cross & Blue Shield, Presbyterian Health Care, United, and Molina. Due to the superior staff, high level of service and other factors, it has done an outstanding job attracting residents from rural areas in close proximity, Truth or Consequences and beyond. It's unique location makes it very convenient for those who choose not to make the drive to larger markets such as Las Cruces and El Paso. It truly has a personal and local touch. An assumable loan is also available with favorable terms and a modest interest rate. The overall site layout also lends very well for a wide variety of expansion options and the ability to add services of multiple types. This truly could be an opportunity to capture a unique customer audience and grow revenue substantially. Give us a call to discuss.

Financials

Finance Data Year 2016
Gross Operating Income $350,000 (Annual)
Actual or Proforma Year Actual
Loan Amount $840,000
Interest Rate (APR) 5.25

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R1100844
Zoning: HATCH INCORPORATED ZONING
Property Visibility: Fair
Highway Access: I-25 at Hatch Exit
Airports: ELP & Las Cruces International
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2010
Roof Type: Arched
Construction/Siding: Stucco
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Dpna Ana County Account #R1100844

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,068 4,294
Median Age: 32.24 30.93
Households: 334 1,291

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
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