Log In/Sign Up
Your email has been sent.
286 Four Points Rd - Potential Conversion to Behavioral/IDD 56,178 SF Health Care Building Offered at $5,200,000 in Jackson, GA 30233
Investment Highlights
- 42 suites suitable for 84 beds with double occupancy. There is a small apartment used by live-in cook on one of the residential buildings
- Unmet demand for residential substance abuse treatment beds will total 2,075 beds today; and total 2,227 beds by 2029. See Unmet Demand Analysis
- SBA 504 Loan Terms: 25-year term, 85% LTC, and 6.037% interest
- Three buildings totaling ±56,176 SF, plus three storage buildings and a horse barn
- There are no for-profit residential drug treatment facilities within a 30-mile radius of the property
- Financial: Projected Sales Price: $28,435,000, IRR: 164.66%, Cash on Cash: 82.31%, DSCR: 3.13
Executive Summary
POTENTIAL SUBSTANCE ABUSE TREATMENT FACILITY CONVERSION WITH EQUINE-ASSISTED THERAPY (EAT).
Bull Realty is pleased to present this facility that is currently an active licensed 48-bed personal care home built in 2002 on an ±18.16-acre campus with Horse Barn. The facility is comprised of three main buildings totaling ±56,178 SF, three storage buildings totaling ±1,052 SF, and one barn totaling ±1,140 SF. The property is located in the Atlanta bedroom community of historic Jackson, Georgia. The property has two residential buildings totaling 42 suites with direct access to a bathroom, which could be licensed for 84 beds (at 60 SF per double occupant for a Drug Treatment Facility.) Each residential building has its own kitchen and dining room. All utilities and septic are on site.
R-4 Zoning has an approved use as Intermediate Care Home which admits residents on medical referral. It maintains the services and facilities for institutional care and has a satisfactory agreement with a physician who will provide continuing supervision including emergencies and complies with chapter 290-5-9: Intermediate Care Homes (Rules of the Georgia Department of Human Resources). Requires county verification.
The facility, currently licensed as a personal care home with 60% occupancy, is located 39.6 miles from the Atlanta Airport. From CoStar last 12 months, MSA Behavioral conversions sold vacant for an average of $570.81/SF. Weitz reports 2025 assisted living construction will average $353 per SF replacement cost without land, land prep, and architect fees for the existing facility. The CoStar average price per acre in Butts County is $283,591per acre.
SBA 504 Loan Assumptions: 25-year term, 85% LTC, and 6.037% interest
• Demographics (30-Mile Radius): Average household income is $95,488. Average net worth is $950,309.
• Average home values is $307,999
FINANCIAL RETURNS
Before Tax 5-Year Hold Financial Returns:
• (a) Projected Sales Price: $28,435,000
• (b) IRR: 164.66%
• (c) Cash on Cash: 82.31%
• (d) DSCR: 3.13
• (e) % Occupancy Break-even: 30%. See Investment Analysis
Bull Realty is pleased to present this facility that is currently an active licensed 48-bed personal care home built in 2002 on an ±18.16-acre campus with Horse Barn. The facility is comprised of three main buildings totaling ±56,178 SF, three storage buildings totaling ±1,052 SF, and one barn totaling ±1,140 SF. The property is located in the Atlanta bedroom community of historic Jackson, Georgia. The property has two residential buildings totaling 42 suites with direct access to a bathroom, which could be licensed for 84 beds (at 60 SF per double occupant for a Drug Treatment Facility.) Each residential building has its own kitchen and dining room. All utilities and septic are on site.
R-4 Zoning has an approved use as Intermediate Care Home which admits residents on medical referral. It maintains the services and facilities for institutional care and has a satisfactory agreement with a physician who will provide continuing supervision including emergencies and complies with chapter 290-5-9: Intermediate Care Homes (Rules of the Georgia Department of Human Resources). Requires county verification.
The facility, currently licensed as a personal care home with 60% occupancy, is located 39.6 miles from the Atlanta Airport. From CoStar last 12 months, MSA Behavioral conversions sold vacant for an average of $570.81/SF. Weitz reports 2025 assisted living construction will average $353 per SF replacement cost without land, land prep, and architect fees for the existing facility. The CoStar average price per acre in Butts County is $283,591per acre.
SBA 504 Loan Assumptions: 25-year term, 85% LTC, and 6.037% interest
• Demographics (30-Mile Radius): Average household income is $95,488. Average net worth is $950,309.
• Average home values is $307,999
FINANCIAL RETURNS
Before Tax 5-Year Hold Financial Returns:
• (a) Projected Sales Price: $28,435,000
• (b) IRR: 164.66%
• (c) Cash on Cash: 82.31%
• (d) DSCR: 3.13
• (e) % Occupancy Break-even: 30%. See Investment Analysis
Property Facts Under Contract
1 1
Property Taxes
| Parcel Number | 00450-024-000 | Improvements Assessment | $749,471 |
| Land Assessment | $112,458 | Total Assessment | $861,929 |
Property Taxes
Parcel Number
00450-024-000
Land Assessment
$112,458
Improvements Assessment
$749,471
Total Assessment
$861,929
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
286 Four Points Rd - Potential Conversion to Behavioral/IDD
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.