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295 Assisted Living Dr - 205-Bed Assisted Living Facility 67,028 SF Health Care Building Offered at $23,000,000 at a 5.82% Cap Rate in Pompano Beach, FL 33060
Investment Highlights
- 205-Bed Assisted Living Facility
- Excellent Investment Opportunity
- Fully Licensed and Operational
- Projected CAP Rate: 18%
Executive Summary
A 205-Beds licensed Assisted Living Facility located in desirable Broward County, Florida. This facility encompasses over 61,000 square feet on nearly 3 acres of land. Currently the property is professionally managed with an experienced staff expected to remain in place post-closing. The facility generates $5.3M in gross income with a net operating income of approximately $1.34M, reflecting a current CAP rate of 6%. With modest increases to bed rates and occupancy, the property has the potential to yield a projected $8.2M in gross income and $4.24M in NOI—delivering a compelling pro forma CAP rate of 18.4%.
This is a rare investment opportunity in a supply-constrained market with high demand for senior living. All inquiries and property tours must be scheduled through the listing agent.
This is a rare investment opportunity in a supply-constrained market with high demand for senior living. All inquiries and property tours must be scheduled through the listing agent.
Property Facts
| Price | $23,000,000 | Lot Size | 2.84 AC |
| Price Per Bed | $112,195 | Building Size | 67,028 SF |
| Sale Type | Investment | No. Beds | 205 |
| Cap Rate | 5.82% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1984 |
| Property Subtype | Assisted Living | Tenancy | Single |
| Building Class | C | Parking Ratio | 0.72/1,000 SF |
| Zoning | RM-30 | ||
| Price | $23,000,000 |
| Price Per Bed | $112,195 |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 2.84 AC |
| Building Size | 67,028 SF |
| No. Beds | 205 |
| No. Stories | 1 |
| Year Built | 1984 |
| Tenancy | Single |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | RM-30 |
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Property Taxes
| Parcel Number | 49-42-02-02-1265 | Improvements Assessment | $8,327,220 |
| Land Assessment | $810,390 | Total Assessment | $9,137,610 |
Property Taxes
Parcel Number
49-42-02-02-1265
Land Assessment
$810,390
Improvements Assessment
$8,327,220
Total Assessment
$9,137,610
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295 Assisted Living Dr - 205-Bed Assisted Living Facility
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