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2802 Corte Dios - Haciendas at Grace Village 24,484 SF Health Care Building Offered at $11,440,000 at a 8.50% Cap Rate in Las Cruces, NM 88011
INVESTMENT HIGHLIGHTS
- 1:6 ratio of caregivers to residents (compared to state standard of 1:15)
- Winner of 2024 Mesilla Valley's Community Choice Award (Category: Services - Assisted/Senior Living)
- 24-hour specialized care staff
- 5 Buildings (1 admin; 4 secured resident)
EXECUTIVE SUMMARY
Sale includes business, buildings, and ±4 acre property. The subject ±4 acre parcel has enough room to add two additional 12 unit buildings
An adjacent ± 7.4 acres of additional land is also available for sale; this land is entitled and zoned for expansion.
An adjacent ± 7.4 acres of additional land is also available for sale; this land is entitled and zoned for expansion.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $11,440,000 | Building Class | C |
| Price Per Bed | $238,333 | Lot Size | 4.00 AC |
| Sale Type | Investment | Building Size | 24,484 SF |
| Cap Rate | 8.50% | No. Beds | 48 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2012 |
| Property Subtype | Assisted Living | ||
| Zoning | PUD | ||
| Price | $11,440,000 |
| Price Per Bed | $238,333 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Sale Condition | Business Value Included |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 4.00 AC |
| Building Size | 24,484 SF |
| No. Beds | 48 |
| No. Stories | 1 |
| Year Built | 2012 |
| Zoning | PUD |
ABOUT 2802 CORTE DIOS , LAS CRUCES, NM 88011
Located in the heart of Las Cruces, New Mexico, this property is a well-established assisted living facility offering an exceptional investment opportunity. This unique property combines modern amenities, a serene environment, and a strong reputation for delivering compassionate care to its residents. The property consists of a 48-unit memory care assisted living facility that is comprised of five standalone buildings. One building is dedicated to administrative offices and four secured resident buildings provide memory care assisted living.
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PROPERTY TAXES
| Parcel Number | 02-41812 | Improvements Assessment | $765,151 |
| Land Assessment | $173,333 | Total Assessment | $938,484 |
PROPERTY TAXES
Parcel Number
02-41812
Land Assessment
$173,333
Improvements Assessment
$765,151
Total Assessment
$938,484
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2802 Corte Dios - Haciendas at Grace Village
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