Value-Add 50 Bed Assisted Living Facility - OK
$2,750,000
320 Robert S Kerr Avenue, Oklahoma City, OK 73102
10.57
Pro Forma Cap Rate
25,000 sqft
Building Size
Details:
Highlights:
- Value-Add Opportunity with Below Market Rents & Occupancy
- 75 & Over Population Expected to Increase over 19% by 2024 (Five Mile Radius)
- Located Near Medical Offices, Residential Neighborhoods and Major Thoroughfares
Description:
This is a 50 bed Assisted Living facility located in the Oklahoma City MSA market. The offering is for both the real estate and the business. This is a great value-add opportunity as the facility has performed below the market occupancy and rental rates. Also, it is a more intimate size facility compare to the competition. The owner has stated putting in approximately $280,000 in capital improvements. The facility is in a great location near several residential neighborhoods, medical service area, close to major thoroughfares. The total population is over 226,000 residents within a five-mile radius and projected to grow approximately three percent by 2024. The seventy-five and over aged population is over 11,000 residents and projected to grow over 19 percent by 2024 within the five-mile radius.
Please reach out to me if you would like further information. Seller will review all offers.
(Please note that this is a confidential listing and the address is not accurate. The broker of record is Mark McCoy Lic#181981).
Location
Gallery
