24832 N 91st Ave - Assisted Livings FOR SALE


Peoria, AZ 85383- North Peoria
$4,300,000 USD
480-335-4474
24832 N 91st Ave, Peoria, AZ for Sale
$4,300,000 USD
Assisted Livings - FOR SALE
1/51
null | 13.95% Cap Rate

24832 N 91st Ave
Peoria, AZ 85383
North Peoria


HIGHLIGHTS

  • Trophy Asset

OVERVIEW

Situated in North Peoria, one of Arizona’s most strategically positioned and steadily expanding regions, this trophy assisted living property represents a rare opportunity to acquire a purpose-built, high-performing asset in a rapidly evolving market. Completed in 2019, the 8,949-square-foot residence is set on 1.22 gated acres and was thoughtfully designed to balance clinical functionality with residential comfort. The property features ten private ensuite bedrooms along with premium amenities including a salon, fitness room, and seamless indoor–outdoor living spaces with walking paths, a courtyard, covered lounges, and a bocce court, all framed by scenic mountain views. Currently generating over $78,000 per month in revenue, the asset delivers immediate, stable cash flow supported by modern design and strong operational fundamentals. The property is located within the North Peoria submarket, an area increasingly recognized for its strong economic drivers and long-term growth trajectory. This region has emerged as a focal point for expansion in the Phoenix metro area, benefiting from a convergence of healthcare investment, residential development, and infrastructure improvements. Central to this growth is the presence of Taiwan Semiconductor Manufacturing Company’s transformative $165 billion fabrication campus, which continues to drive job creation, population influx, and sustained economic activity across the surrounding areas. This large-scale investment has positioned North Peoria and the broader Northwest Valley as one of the most dynamic and resilient corridors in the Southwest. As demand for high-quality assisted living continues to rise alongside Arizona’s aging population, the property is well positioned to benefit from both demographic tailwinds and macroeconomic expansion. The limited supply of newer, purpose-built residential assisted living facilities in the immediate area further enhances its competitive positioning and supports long-term occupancy stability. The combination of modern construction, strong in-place revenue, and location within a high-growth economic corridor creates a compelling investment profile with both income security and appreciation potential. This offering reflects a broader regional shift where healthcare, technology, and lifestyle intersect, underscoring the evolution of North Peoria into a hub for forward-looking development. With its established performance, premium physical plant, and alignment with one of the most significant economic catalysts in the United States, this property stands as a durable and attractive investment opportunity within Arizona’s senior housing sector.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$481 USD /SF

CAP RATE

13.95%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Luxury 10bd Assisted Living Home

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

R-35

APN/PARCEL ID

201-16-032H

ASK ABOUT THIS PROPERTY

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480-335-4474

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Cayden PiroCrawford Commercial, powered by EXP RealtyMore Info
480-335-4474

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.