5740 Shea BlvdScottsdale, AZ 85254

Property Details for 5740 Shea Blvd

Year built

2025

Lot size

1.00 AC

Property size (Sq ft)

5,000 SF

Property type

Healthcare properties

Property subtype

Retirement homes

Description

This exceptional, newly constructed (2025) Class A assisted living facility in Scottsdale, Arizona presents a compelling owner-user investment opportunity. The 5,000 square foot property, situated on one acre, boasts 11 private bedrooms, each with an en-suite bathroom and private courtyard. Additional amenities include a live-in caregiver suite, office, salon, laundry room, spacious living room, gourmet kitchen, formal dining area, multiple common seating areas, beautifully maintained gardens, a walking path, and a tranquil patio. The property enjoys a prime location near upscale shopping, dining, and healthcare facilities, and offers stunning mountain views. Currently licensed for 10 residents through the Arizona Department of Health Services (AZDHS), there's a potential value-add opportunity to expand to 16 bedrooms. The property features a strong pro-forma NOI of $476,000, resulting in a 14% cap rate. The asking price is $3,400,000, with a price per square foot of $680 and a price per bed of approximately $309,091. This represents a rare chance to acquire a high-performing asset in a highly desirable market. The property is fee simple ownership and is zoned residential.

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.583

Longitude

-111.957

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