Sand Sage of the Highlands Assisted Living 1017 W State Highway 152 Healthcare Building Online Auction Sale Mustang, OK 73064
INVESTMENT HIGHLIGHTS
- Take advantage of the rare opportunity to acquire a renovated assisted living facility in the desirable Oklahoma City suburb of Mustang.
- Sand Sage of the Highlands allows a new owner to capitalize on the current revenue while implementing operational initiatives to increase cash flow.
- The 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 25 minutes to Downtown Oklahoma City.
- Future upside exists through continued occupancy growth, expense control, rental rate increases, and leveraging the Oklahoma Advantage Program.
- Sand Sage of West Plains 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 the Highlands offers a unique opportunity to purchase a top-of-the-line, operational facility specializing in assisted living and memory care in a safe and secure, home-like environment. Located at 1017 W State Highway 152 in Mustang, Oklahoma, the property features 44 assisted living units and 16 memory care units. Sand Sage of the Highlands provides an array of amenities, services, and tailored programs to accommodate individual lifestyles, making it a stand-out location for residents.
Situated approximately 15 miles from the state capitol, Sand Sage of the Highlands affords easy regional accessibility via nearby Interstates 40 and 44 and State Highways 4 and 152. Established in 1901, Mustang is primarily known as a bedroom community for Oklahoma City. Mustang has easy and direct access to all the major economic and event centers in the area. While embracing the highest standards of growth and development, the city continues to retain its small-town flavor. Continued business development keeps bringing new and expanded economic choices to the community in the form of health services, eating establishments, and retail shopping. Mustang is home to an excellent school district, a world-class community center, a library, parks, and an aquatic center.
Mustang highlights a captivating demographic profile within a 5-mile radius of Sand Sage of the Highlands. There are approximately 61,000 residents earning an average household income of $95,000. 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 the Highlands well for future demand. Mustang has remained an increasingly popular suburb for residents of all ages, proven by its 14% population growth rate over the past decade, nearly 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
Situated approximately 15 miles from the state capitol, Sand Sage of the Highlands affords easy regional accessibility via nearby Interstates 40 and 44 and State Highways 4 and 152. Established in 1901, Mustang is primarily known as a bedroom community for Oklahoma City. Mustang has easy and direct access to all the major economic and event centers in the area. While embracing the highest standards of growth and development, the city continues to retain its small-town flavor. Continued business development keeps bringing new and expanded economic choices to the community in the form of health services, eating establishments, and retail shopping. Mustang is home to an excellent school district, a world-class community center, a library, parks, and an aquatic center.
Mustang highlights a captivating demographic profile within a 5-mile radius of Sand Sage of the Highlands. There are approximately 61,000 residents earning an average household income of $95,000. 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 the Highlands well for future demand. Mustang has remained an increasingly popular suburb for residents of all ages, proven by its 14% population growth rate over the past decade, nearly 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 Financial
- Purchase Agreement
- Offering Memorandum
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 2.77 AC |
| No. Stories | 1 |
| Year Built | 1999 |
| Tenancy | Single |
| Parking Ratio | 1.62/1,000 SF |
1 of 1
PROPERTY TAXES
| Parcel Number | 090007126 | Improvements Assessment | $628,558 |
| Land Assessment | $43,893 | Total Assessment | $672,451 |
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 real estate. 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.
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AUCTION CONTACT
Min Hoang
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
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Vincent Viverito -
Nick Cacciabando -
Senior Living Investment Brokerage
