Special Purpose

Monterey, CA

$9,995,000

Price

10.19%

Cap Rate

$1,018,696

NOI

Overview
Cap Rate
10.19%
NOI
$1,018,696
Cash-on-Cash
19.2%
Floors
1
Description

Opportunity to buy a highly successful middle/small size Assisted Living Facility situated between the northern tip of Monterey County & south Bay Area. . Over 20 years of establishment and over $2Mil in sales. Detailed information about the facilities will be disclosed after receiving a signed NDA and verifying the buyers' qualifications to operate the facility.


Financial Analysis
Cash on Cash Return 19.20 %
Internal Rate of Return (IRR) 26.44 %
Capitalization Rate 10.19 %
Gross Rent Multiplier (GRM) 4.21
Debt-coverage Ratio (DCR) 1.89
Operating Expense Ratio (OER) 55.71 %

Disclosure
The financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.zz


Location
Gallery