114-Bed Assisted Living Facility

Highlights:

• - 26,152 SF building with modern medical facilities
• - Prime location in the vibrant Hollywood area
• - Impressive 99% occupancy rate
• - Well-maintained and compliant with all regulatory standards
• - Consistent gross annual income
• - Attractive investment opportunity in the medical real estate market
• - Secure and recession-proof returns
• - Potential for expansion and customization to suit medical needs

Description:

The DeMarco Real Estate Group proudly presents an exclusive opportunity to acquire a licensed Assisted Living Facility (ALF) situated in East Hollywood, Florida. Boasting 26,152 SF of space on a generous 62,132 SF lot, this meticulously maintained property has been operating successfully since 1992. Fully compliant with AHCA, the city of Hollywood, and the county health department, this facility enjoys a prime location less than 2 miles from Hollywood Beach. With a 99% occupancy rate, this facility is priced attractively at $116,667 per bed and generates over $3,471,545.95 annually, resulting in a strong 9.9% capitalization rate at the full asking price. Offering secure and recession-proof returns, this investment opportunity is not to be missed. Showings are by appointment only. Financing is available through a credit union. Contact us for further details!

Nestled in the heart of vibrant Hollywood, FL, the surrounding area offers an array of attractions and amenities that enhance its appeal to potential investors. Nearby, the renowned ArtsPark at Young Circle stands as a cultural centerpiece, hosting events, galleries, and outdoor concerts. The location also enjoys close proximity to the Hollywood Beach Boardwalk, a popular destination offering oceanfront dining, entertainment, and stunning views of the Atlantic Ocean. Additionally, the area is dotted with eclectic dining options, exclusive shopping centers, and a dynamic arts and entertainment scene, contributing to the allure of this prime location for prospective office or office building investors.