3006 Hoffmeyer Rd | Florence, SC 29501
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3006 Hoffmeyer Rd
Florence, SC 29501
The Pines at Florence · Health Care Property For Sale
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77 Beds
Investment Highlights
- Built in 1998 and 1999, the community is located near the intersection of I-95 and I-20, providing great visibility and curb appeal.
- Recently renovated, with ?$500,000 in capital improvements since 2018, including apartment upgrades, common area FF&E, and a roof replacement.
- Pro Forma Occupancy of 85.1% is projected to generate Revenue and EBITDA of ?$4.1 million and ?$840K, respectively.
- Historically cash-flowing community, with prior performance generating?$300K /year in EBITDAR, translates to a 9% margin.
- Poised to surpass pre-pandemic operations by driving occupancy and rates to historical and current market levels.
- Excellent opportunity for an incoming investor with regional infrastructure and brand recognition to acquire the community for below replacement cost.
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