625 Barbara Drive - Assisted Livings FOR SALE


Grants Pass, OR 97526
$1,750,000 USD
541-218-7762
625 Barbara Drive, Grants Pass, OR for Sale
$1,750,000 USD
Assisted Livings - FOR SALE
1/99
null | 17.42% Cap Rate

625 Barbara Drive
Grants Pass, OR 97526


HIGHLIGHTS

  • Fully licensed 15-bed Residential Care Facility
  • 17.42% in-place cap rate with verified NOI
  • Strong private-pay revenue mix with stable referrals
  • Situated on 7.95 private, park-like acres
  • Extensive capital improvements completed
  • Established operation since 2004

OVERVIEW

Licensed Residential Care Facility offered with real estate and operating business. Forest Meadows RCF is a fully licensed 15-bed facility currently operating at approximately 93% occupancy with 14 residents in place. Trailing twelve-month financials reflect $708,880 in annual gross revenue with verified net operating income of $304,887, supporting a 17.42% cap rate at the asking price. At full licensed occupancy, stabilized operations support higher income and value. The facility is situated on 7.95 park-like acres just outside Grants Pass and includes approximately 8,001 square feet with private caregiver quarters. Sale includes real estate and business. Financials available with executed NDA.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

17.42%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Continuing Care Retirement Com, Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.95 AC

LAND SF

346,302 SF

ZONING

RR-5

APN/PARCEL ID

R317805

ASK ABOUT THIS PROPERTY

Michael O'coyneRE/MAX IntegrityMore Info
541-218-7762

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Michael O'coyneRE/MAX IntegrityMore Info
541-218-7762

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