3250 N Garland Ave - Assisted Livings FOR SALE


Garland, TX 75040
$10,000,000 USD
972-765-0095
3250 N Garland Ave, Garland, TX for Sale
$10,000,000 USD
Assisted Livings - FOR SALE
1/3
null | Request Cap Rate

3250 N Garland Ave
Garland, TX 75040


HIGHLIGHTS

  • Established Senior Assisted Living Campus
  • 11 Residential-Style Homes and Activity Center
  • 121 Licensed Beds
  • Significant Upside Potential with Current Occupancy at 25%

OVERVIEW

The campus consists of 11 purpose-built houses designed for a homelike senior living experience, each accommodating up to 11 residents. All houses are fully furnished and equipped, and the property includes a central activity center for dining and events. The operation holds three Texas AL license types (Type A, B, and C), enabling care for a full spectrum of resident needs – from basic assisted living to higher-acuity and memory care. The facility has passed all recent inspections with no deficiencies, reflecting strong regulatory compliance. An experienced team of ~40 caregiving staff (with an on-site caregiver in each house 24/7) and 2 assistant directors is in place to ensure continuity. The community serves the growing Dallas–Fort Worth senior population from its Garland, TX location, combining a peaceful residential atmosphere with proximate city amenities. Importantly, the payor mix is 100% private-pay – no Medicaid or government reimbursements – which means reliable collections and flexibility on rates. Current monthly rates range $3,500–$5,000 per resident depending on care level (average ~$4,000). This upscale pricing (recently raised from ~$2,000 historically) has improved revenue per resident and positions the business as a premium care provider. The local market’s demographics and income levels support private-pay seniors, and the campus’s intimate, home-like setting differentiates it from large institutional facilities.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mayberry Gardens Assisted Living and Memory

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.93 AC

LAND SF

214,668 SF

ZONING

z239

APN/PARCEL ID

26323000010030000,263230000102R0000,26323000011ARR000,26323000011BRR000

ASK ABOUT THIS PROPERTY

Brad MillsMarcus & MillichapMore Info
972-765-0095

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Brad MillsMarcus & MillichapMore Info
972-765-0095

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