For Sale
$3,599,000

2260 Brown RdMesa, AZ 85213

Established Mesa AZ Senior Living Facility

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 27-bed assisted living facility in Mesa, Arizona, presents a compelling investment opportunity. The single-story, 7,326 square foot building, completely renovated in 2021, boasts a modern design with block construction and fire suppression sprinklers. Situated on a 0.81-acre lot at 2260 E Brown Rd, the property enjoys excellent visibility and convenient access. The facility is fully ADA accessible, catering to residents with mobility limitations, and includes 19 on-site parking spaces. Currently operating at a 66% occupancy rate (19 of 27 beds), the center provides comprehensive services including 24-hour care, home-cooked meals, and a variety of daily activities. The property is zoned OC, City of Mesa, and features a strong NOI of $225,741, resulting in a 6.27% cap rate. Offered at $3,599,000 ($491.26/sq ft), this is a rare chance to acquire a well-established and profitable senior living center in a prime location. Built in 1974, the recent renovations ensure a comfortable and secure environment for residents. The property's strong financial performance and prime location make it an attractive investment for discerning buyers.

Highlights

  • High-visibility location on E Brown Rd.
  • Modern, 2021-renovated building with block construction and fire sprinklers.
  • 27-bed licensed facility, currently 66% occupied (19 residents), with 19 on-site parking spaces.
  • Fully ADA compliant.
  • Comprehensive services including 24-hour care, home-cooked meals, and daily activities.

Property Details for 2260 Brown Rd

Property type
Retirement homes
Square Feet
7,326 SF
Class
B
Year Built/Renovated
1974/2021
Stories
1
Lot Size (sq. ft)
35,284 SF
Units
27

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.4375868
Longitude
-111.781671
2260 Brown Rd, Mesa, Arizona

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2260 Brown Rd
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