120 State Market Rd - Health Care FOR SALE
Pahokee, FL 33476 |
$6,011,770 USD
847-361-4181
120 State Market Rd
Pahokee, FL 33476
HIGHLIGHTS
- SPECIAL USE FACILITY- Substance abuse and mental health rehabilitation centers are uniquely designed facilities that cater to a critical societal need
- INCOME TAX FREE STATE - Investors have the opportunity to achieve completely passive income from the absolute NNN leases included with this asset
- NEW HOUSING REDEVELOPMENT - The Everglades Townhomes is a 200 unit, affordable housing development that is nearing completion in Pahokee
- PART OF PORTFOLIO - This location is part of a portfolio of Zinnia Health Properties with another located in South Bend, IN. See OM for more info
- FAVORABLE RETURN - Over the remaining base term this asset provides an average cap rate of 9.91% and rental income totaling 125% of list price
- EXEMPLARY LOCATION - Lake Okeechobee is a prime location for inpatient rehabilitation, utilizing its natural surroundings and calming environment
FOR SALE DETAILS
PRICE
$6,011,770 USD
PRICE/SF
$382 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Zinnia Health Inpatient Detox | 12 Yr | 8.25%
PROPERTY TYPE
Health Care
ADD'L SUBTYPES
Assisted Living, Hospital, Skilled Nursing Facility
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1967
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.85 AC
LAND SF
37,026 SF
ZONING
I-48 Pahokee
APN/PARCEL ID
48-37-42-17-06-000-0010
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847-361-4181
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847-361-4181
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