330 Assisted Living DrHollywood, FL 33020

Property Details for 330 Assisted Living Dr

Year built

1962

Property size (Sq ft)

7,887 SF

Property type

Healthcare properties

Property subtype

Retirement homes

Description

This exceptional investment opportunity presents a portfolio of four fully licensed and operational Assisted Living Facilities (ALFs) in Hollywood, Florida. The portfolio comprises 330 beds across 199 units, spread across four buildings totaling 7,887 to 102,166 square feet on land parcels ranging from 18,231 to 196,061 square feet. Currently boasting a 95% occupancy rate, the portfolio generates a Net Operating Income (NOI) of $812,627, with a current cap rate of 1.63%. However, a pro-forma analysis projects a significantly higher NOI of $2,822,123 and a 5.64% cap rate, indicating substantial growth potential. Built in 1962, these two-story buildings offer a range of services, including memory care, independent living, and skilled nursing, catering to diverse senior living needs. The facilities are fully compliant with all relevant state regulations, ensuring operational stability and long-term viability. The asking price for this exceptional portfolio is $50,000,000, representing a price per bed of $151,515.15. This is a confidential sale.

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0182

Longitude

-80.1596

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