For Sale
$13,250,000

100 Assisted Living St Hollywood, FL 33020

Prime Assisted Living Facility, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 100-bed assisted living facility presents a compelling investment opportunity in Hollywood, Florida. Located at 100 Assisted Living St, 33020, this Class C property boasts 27,270 square feet on a 23,707 square foot lot. The facility currently generates a Net Operating Income (NOI) of $970,096, yielding a 7.32% capitalization rate. However, a pro-forma analysis projects a significantly higher NOI of $1,808,534 and a 13.65% capitalization rate, indicating substantial growth potential. The asking price is $13,250,000, translating to $485.88 per square foot and $132,500 per bed. The property includes 50 units and all existing business assets, including licenses and inventory. The current staff is expected to remain post-closing. This is a rare opportunity to acquire a well-established assisted living facility in a market with limited inventory, offering strong returns and significant upside potential. The property's location in South Broward County ensures convenient access to major transportation routes and a thriving senior community. This is an exceptional investment opportunity not to be missed.

Highlights

  • 100-bed assisted living facility.
  • 13.65% projected cap rate.
  • Excellent investment opportunity.

Property Details for 100 Assisted Living St

Property type
Retirement homes
Square Feet
27,270 SF
Class
C
Units
50

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.0181766
Longitude
-80.1596041

FAQs

What type of property is this?
Retirement home - Prime Assisted Living Facility, High NOI
Where is the retirement home located?
The property is located at 100 Assisted Living St Hollywood, FL.
What is the asking price?
The asking price for this property is $13,250,000.
What are key features of this property?
This property features: 100-bed assisted living facility.; 13.65% projected cap rate.; Excellent investment opportunity.
How can I contact the broker?
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100 Assisted Living St
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