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201-221 NE 40th Ct 5,228 SF Health Care Building Offered at $2,800,000 at a 7.07% Cap Rate in Oakland Park, FL 33334
INVESTMENT HIGHLIGHTS
- Sale-Leaseback Opportunity – 3-Year Term
- Fully Equipped – Designed for rehab, assisted living or daycare services with the necessary infrastructure in place.
- Spacious Layout – Sitting on a generous sized lot, it benefits from multiple units with ample room for residents, activities, and staff.
- Tenant: Non-profit organization
- Turnkey Opportunity – Perfect for investors or operators looking to expand or establish a new assisted living or day care facility.
EXECUTIVE SUMMARY
This 7-bedroom, 4-bathroom adult rehabilitation and treatment center for sale offers a rare opportunity for those looking to establish or expand a treatment center. Alternatively, it could be used as an assisted living facility, adult or family day care center, or specialized care residence*. Located near the vibrant culinary and arts scene of Oakland Park, this well-maintained property is just minutes from retail centers, fine dining establishments, and medical facilities.
Designed for functionality, the layout includes spacious common areas inside and outside, multiple entry points, and private rooms. The property is already equipped with key infrastructure such as a commercial-grade prep kitchen to streamline meal preparation, while an onsite generator ensures continuous power. Mature landscaping surrounds the property, creating a sense of tranquility, while maintaining easy access to major roads, shopping, and local amenities.
In addition, this offering is structured as a 3-year sale-leaseback, providing investors with immediate rental income of $198,000/year + NNN.
Whether continuing as a licensed facility or reimagining the space for a new purpose, this property is well-suited for a variety of care-focused or community-driven uses.
*Disclaimer: Buyer is responsible for verifying that their intended use complies with all zoning regulations and requirements set forth by the City of Oakland Park. The listing broker makes no representations or warranties regarding zoning, permits, or allowable uses and assumes no responsibility for the buyer’s due diligence.
Sale-Leaseback agreement:
Term: Three (3) years
Rate: $198,000/year + NNN
Cancellation Provision: In the event the non-profit fails to receive funding (and only for this reason), starting in year 2, tenant may have the option to provide six (6) months notice of their intent to terminate the lease, during which time the tenant shall continue to pay rent and vacate upon the expiration of the six months notice.
Designed for functionality, the layout includes spacious common areas inside and outside, multiple entry points, and private rooms. The property is already equipped with key infrastructure such as a commercial-grade prep kitchen to streamline meal preparation, while an onsite generator ensures continuous power. Mature landscaping surrounds the property, creating a sense of tranquility, while maintaining easy access to major roads, shopping, and local amenities.
In addition, this offering is structured as a 3-year sale-leaseback, providing investors with immediate rental income of $198,000/year + NNN.
Whether continuing as a licensed facility or reimagining the space for a new purpose, this property is well-suited for a variety of care-focused or community-driven uses.
*Disclaimer: Buyer is responsible for verifying that their intended use complies with all zoning regulations and requirements set forth by the City of Oakland Park. The listing broker makes no representations or warranties regarding zoning, permits, or allowable uses and assumes no responsibility for the buyer’s due diligence.
Sale-Leaseback agreement:
Term: Three (3) years
Rate: $198,000/year + NNN
Cancellation Provision: In the event the non-profit fails to receive funding (and only for this reason), starting in year 2, tenant may have the option to provide six (6) months notice of their intent to terminate the lease, during which time the tenant shall continue to pay rent and vacate upon the expiration of the six months notice.
PROPERTY FACTS
| Price | $2,800,000 | Lot Size | 0.45 AC |
| Price Per Bed | $400,000 | Building Size | 5,228 SF |
| Sale Type | Investment | No. Beds | 7 |
| Cap Rate | 7.07% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1970 |
| Property Subtype | Assisted Living | Parking Ratio | 1.11/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | RM-16 - Multifamily | ||
| Price | $2,800,000 |
| Price Per Bed | $400,000 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 5,228 SF |
| No. Beds | 7 |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.11/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-16 - Multifamily |
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| - | 0 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 49-42-22-27-0340 | Improvements Assessment | $898,260 |
| Land Assessment | $139,310 | Total Assessment | $1,037,570 |
PROPERTY TAXES
Parcel Number
49-42-22-27-0340
Land Assessment
$139,310
Improvements Assessment
$898,260
Total Assessment
$1,037,570
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201-221 NE 40th Ct
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