OwnerLand Realty’s Hospitality Division is pleased to present the exclusive Call for Offers for 300 Prestige Place, a prime commercial hospitality asset ideally configured for adaptive reuse into Licensed Assisted Living (RCF), Memory Care, Senior Housing, or Market-Rate Multifamily. Positioned within the established Prestige Place commercial park at the I-75 and SR 725 interchange, the property sits directly in Montgomery County’s high-growth Dayton South / Austin Landing submarket. Offered completely unencumbered of management and franchise restrictions via a clean 30-day brand termination, the site allows developers to enter at a basis significantly below replacement cost while avoiding 18–24 months of site work and vertical shell construction. Key Investment Highlights • Institutional Call for Offers: Offered unpriced, allowing prospective purchasers to structure terms matching their underwriting assumptions, capex budgets, and capital stack requirements. • Direct Municipal Precedent on Prestige Place: The adjacent property at 155 Prestige Place was formally approved by the Miami Township Board of Trustees and Zoning Commission (Case ZC 453-22) for a Final Development Plan Change of Use from a hotel into the Vivo multifamily community. • Township Leadership Endorsement: Miami Township Community Development has formally confirmed administrative alignment for senior housing and assisted living reuse on this site. • 100% Two-Room Suite Footprint (No Demising Wall Demolition): Unlike standard transient hotel conversions that require merging two rooms to create an apartment, every bay at 300 Prestige Place features an independent sitting room, bedroom, and full bath. This keeps projected renovation hard costs to $55,000–$70,000/unit, well below regional historic/gut-rehab benchmarks ($80,000–$87,000/unit). • Commercial Culinary Infrastructure in Place: Features an operational restaurant kitchen with Type-1 exhaust hoods, cold storage, and banquet facilities. For senior living sponsors, this eliminates an estimated $1.5M+ expense required to build a commercial kitchen and dining hall. • Turnkey Mechanical, Electrical & Plumbing: o Plumbing: Copper domestic water supply piping throughout; PVC sanitary stacks with central chases in the ground-floor mechanical room. o Electrical: 3 dedicated branch circuits per suite (HVAC, bedroom, living area) run in metal conduit; utility-owned transformers via AES Ohio. o Climate Control: In-suite VTAC/PTAC units comply with Ohio Administrative Code (OAC 3701-16-16(C)) resident-level temperature control mandates for Residential Care Facilities. o Emergency Systems: Cummins diesel backup generator and fully addressable fire alarm system with EVACS voice communication. • Land & Pavement Repurposing: The property’s high parking capacity (~1.7+ stalls/key) readily satisfies multifamily zoning minimums (1.5–2.0 spaces/unit). Senior/assisted living uses (requiring only 0.33–0.65 spaces/unit) leave substantial surplus asphalt that can be reclaimed during Site Plan Review for secure memory care walking courtyards, therapy gardens, or green space. Assisted Living Pro Forma Model (135 Units) • Projected Stabilized NOI: $2,449,440 (135 units @ 90% occupancy, $4,800/mo) • Implied Asset Value @ 7.50% Cap: $32,659,200 ($241,920/unit) • Implied Asset Value @ 8.00% Cap: $30,618,000 ($226,800/unit) • Implied Asset Value @ 8.50% Cap: $28,817,000 ($213,460/unit)