2932 N 14th St - Assisted Livings FOR SALE


Phoenix, AZ 85014- Encanto
$6,150,000 USD
602-684-8558
2932 N 14th St, Phoenix, AZ for Sale
$6,150,000 USD
Assisted Livings - FOR SALE
1/19
null | 8.87% Cap Rate

2932 N 14th St
Phoenix, AZ 85014
Encanto


HIGHLIGHTS

  • Attractive 8.87% Cap Rate on new 5-year lease
  • Opportunity to acquire a stabilized asset at below replacement cost
  • 55 private rooms plus 8 group/multi-use rooms.
  • Commercial kitchen, laundry, dining facilities and indoor and outdoor recreation areas
  • Proven Operator with over 20 year experience
  • Strategic location in Midtown Phoenix near SR-51 and I-10.

OVERVIEW

This offering presents a rare opportunity to acquire a stabilized investment at a 8.87% cap rate, backed by a five-year lease with a well established nonprofit tenant. The 501(c)(3) organization, founded in 2003, provides transitional housing services and brings a strong community presence to the property. The facility is purpose, built with private group rooms, commercial, kitchen and dining, recreational areas, and laundry facilities, supporting long-term healthcare or housing uses. Located in Midtown Phoenix, the property benefits from excellent access to SR-51 and I-10 and it is surrounded by a robust network of medical and professional services.

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

8.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Southwest Key Living Facility

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com, Rehabilitation Center

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

R-3, M-H Phoenix

APN/PARCEL ID

118-14-007,118-14-008A

ASK ABOUT THIS PROPERTY

Julie JohnsonColliersMore Info
602-684-8558

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Julie JohnsonColliersMore Info
602-684-8558

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