965 Lander Ave Turlock, CA 95380-5816

This exceptional 18,900 square foot senior living facility in Turlock, California, presents a compelling investment opportunity. Located at 965 Lander Ave, 95380, within Stanislaus County, this two-story building sits on a 1.53-acre lot and boasts 60 beds. Constructed in 1983, the property offers significant potential for expansion, with the capacity to increase the number of independent living units to up to 80. The current asking price is $3,395,000, translating to a price per square foot of $179.63. The property's strong financial performance is highlighted by a pro-forma net operating income (NOI) of $645,000 and an attractive pro-forma capitalization rate of 19.00%. Furthermore, the property includes 12 hospice waivers, adding to its value and operational flexibility. This property is ideal for owner-users or institutional investors seeking a high-yield asset with substantial upside potential in a growing market. The property's location in Turlock, CA offers convenient access to local amenities and services. This is a rare opportunity to acquire a well-established senior living facility with significant growth potential.