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4207 FL-64 SR - 98-Bed ALF Development - 50% Completed 45,324 SF Health Care Building Offered at $7,500,000 in Bradenton, FL 34208
Investment Highlights
- 50% Completed 98-Bed Assisted Living Facility
- 3 Miles From Manatee Memorial Hospital
- Very Prime Location!
Executive Summary
Located 2 miles from Hwy 75 and only 3 miles from the Manatee Memorial Hospital, this property is the perfect location for a 98-Bed ALF. The owners are a large hotel-multifamily development company who have completed 50% of the construction and have decided to sell the property and the remainder of the construction, keeping their interest in the hotel industry.
The structure is top of the line construction that includes block construction and Spanish style roof and gutter system. Partition framing is installed, most plasterboard included. Electrical, plumbing and HVAC is short of completed.
Note: Estimated cost to complete the development may be around $6 million, depending on the extent of the amenities offered. Construction completion is approximately a year. Full Architectural plans, renderings and budget is available upon request.
The structure is top of the line construction that includes block construction and Spanish style roof and gutter system. Partition framing is installed, most plasterboard included. Electrical, plumbing and HVAC is short of completed.
Note: Estimated cost to complete the development may be around $6 million, depending on the extent of the amenities offered. Construction completion is approximately a year. Full Architectural plans, renderings and budget is available upon request.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
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4207 FL-64 SR - 98-Bed ALF Development - 50% Completed