5926 E Wilshire Dr - 5296 E Wilshire Dr, Scottsdale - Arizona 7,361 SF Health Care Building Offered at $3,700,000 at a 9.73% Cap Rate in Scottsdale, AZ 85257

This is a rare opportunity to acquire a fully stabilized, luxury assisted living estate in the prestigious Arcadia Scottsdale corridor—one of Arizona’s most desirable senior care markets. The property spans 7,361 square feet and features 11 private bedrooms and 10 bathrooms, all thoughtfully designed to balance high-end hospitality aesthetics with clinical functionality. Renovated in 2019, the residence offers modern finishes, ADA-compliant layouts, and abundant natural light throughout.
Strategically located between Downtown Scottsdale, Arcadia Proper, the Biltmore District, and Downtown Phoenix, residents and staff enjoy unmatched convenience. The property is just 10 minutes from Phoenix Sky Harbor International Airport, five minutes from Old Town Scottsdale’s dining and cultural attractions, and surrounded by top-tier hospitals and wellness facilities. This prime positioning ensures strong demand and premium rental rates.
Amenities include a chef’s kitchen, formal dining areas, spacious social lounges, an on-site salon, therapy spaces, and serene outdoor courtyards. A dedicated caregiver suite and administrative office enhance operational efficiency, while RV hookups provide a unique value-add opportunity for live-in staff or extended family stays—unlocking additional revenue streams and market differentiation.
With only six assisted living homes in Scottsdale exceeding 7,000 square feet, this asset stands as a trophy-class investment offering long-term stability and recession resilience. Fully occupied and generating a strong NOI with significant proforma upside, this property is ideal for owner/operators or investors seeking a premier foothold in Arizona’s thriving senior housing sector.