Current Use by Public Records
- Retirement homes
Property Details for 330 Assisted Living Dr
- Year built
- 1962
- Property type
- Retirement homes
- Property subtype
- Assisted living facilities
Description
This exceptional investment opportunity presents a portfolio of four fully licensed and operational Assisted Living Facilities (ALFs) in Hollywood, Florida. The portfolio comprises 330 beds across 199 units, spread across four buildings totaling 7,887 to 102,166 square feet on land parcels ranging from 18,231 to 196,061 square feet. Currently boasting a 95% occupancy rate, the portfolio generates a Net Operating Income (NOI) of $812,627, with a current cap rate of 1.63%. However, a pro-forma analysis projects a significantly higher NOI of $2,822,123 and a 5.64% cap rate, indicating substantial growth potential. Built in 1962, these two-story buildings offer a range of services, including memory care, independent living, and skilled nursing, catering to diverse senior living needs. The facilities are fully compliant with all relevant state regulations, ensuring operational stability and long-term viability. The asking price for this exceptional portfolio is $50,000,000, representing a price per bed of $151,515.15. This is a confidential sale.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1596
- Latitude
- 26.0182
