100 Assisted Living StHollywood, FL 33020
- Retirement homes
- 27,270 SF
Property Details for 100 Assisted Living St
- Property size (Sq ft)
- 27,270 SF
- Property type
- Retirement homes
Description
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.
Location Insight
- City
- Hollywood
- County
- Broward
- State
- Florida
- Latitude
- 26.0182
- Longitude
- -80.1596
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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