286 Four Points Rd - Health Care FOR SALE


Jackson, GA 30233
$5,200,000 USD
678-283-0136
286 Four Points Rd, Jackson, GA for Sale
$5,200,000 USD
Health Care - FOR SALE
1/30
null | Request Cap Rate

286 Four Points Rd
Jackson, GA 30233


HIGHLIGHTS

  • 42 suites suitable for 84 beds with double occupancy. There is a small apartment used by live-in cook on one of the residential buildings
  • Three buildings totaling ±56,176 SF, plus three storage buildings and a horse barn
  • Unmet demand for residential substance abuse treatment beds will total 2,075 beds today; and total 2,227 beds by 2029. See Unmet Demand Analysis
  • There are no for-profit residential drug treatment facilities within a 30-mile radius of the property
  • SBA 504 Loan Terms: 25-year term, 85% LTC, and 6.037% interest
  • Financial: Projected Sales Price: $28,435,000, IRR: 164.66%, Cash on Cash: 82.31%, DSCR: 3.13

OVERVIEW

POTENTIAL SUBSTANCE ABUSE TREATMENT FACILITY CONVERSION WITH EQUINE-ASSISTED THERAPY (EAT). Bull Realty is pleased to present this facility that is currently an active licensed 48-bed personal care home built in 2002 on an ±18.16-acre campus with Horse Barn. The facility is comprised of three main buildings totaling ±56,178 SF, three storage buildings totaling ±1,052 SF, and one barn totaling ±1,140 SF. The property is located in the Atlanta bedroom community of historic Jackson, Georgia. The property has two residential buildings totaling 42 suites with direct access to a bathroom, which could be licensed for 84 beds (at 60 SF per double occupant for a Drug Treatment Facility.) Each residential building has its own kitchen and dining room. All utilities and septic are on site. R-4 Zoning has an approved use as Intermediate Care Home which admits residents on medical referral. It maintains the services and facilities for institutional care and has a satisfactory agreement with a physician who will provide continuing supervision including emergencies and complies with chapter 290-5-9: Intermediate Care Homes (Rules of the Georgia Department of Human Resources). Requires county verification. The facility, currently licensed as a personal care home with 60% occupancy, is located 39.6 miles from the Atlanta Airport. From CoStar last 12 months, MSA Behavioral conversions sold vacant for an average of $570.81/SF. Weitz reports 2025 assisted living construction will average $353 per SF replacement cost without land, land prep, and architect fees for the existing facility. The CoStar average price per acre in Butts County is $283,591per acre. SBA 504 Loan Assumptions: 25-year term, 85% LTC, and 6.037% interest • Demographics (30-Mile Radius): Average household income is $95,488. Average net worth is $950,309. • Average home values is $307,999 FINANCIAL RETURNS Before Tax 5-Year Hold Financial Returns: • (a) Projected Sales Price: $28,435,000 • (b) IRR: 164.66% • (c) Cash on Cash: 82.31% • (d) DSCR: 3.13 • (e) % Occupancy Break-even: 30%. See Investment Analysis

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

84-Bed Residential Facility | ±56,178 SF

PROPERTY TYPE

Health Care

ADD'L SUBTYPES

Assisted Living, Congregate Senior Housing, Continuing Care Retirement Com

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

18.19 AC

LAND SF

792,356 SF

ZONING

R-4

APN/PARCEL ID

00450-024-000

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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