1189 W River Dr - Assisted Living Facility in Margate
38,719 SF Health Care Building Offered at $10,771,654 at a 10.29% Cap Rate in Margate, FL 33063
INVESTMENT HIGHLIGHTS
- 64 Bed (Zoned for 114) Licensed Assisted Living Facility
- 10.29% Projected CAP Rate
- 97% Occupancy
- Excellent Investment Opportunity
EXECUTIVE SUMMARY
A 64-bed (zoned for 114 beds) licensed Assisted Living Facility located in desirable South Florida. The physical property consists of a total of 38,179 SF, well situated on a 1.92 acre lot. The facility is fully licensed and operating and has a current occupancy of 97%. The experienced staff is expected to remain in place after the sale, ensuring a seamless transition for the new owner. Please respect the existing business by refraining from disturbing staff or residents
PROPERTY FACTS
| Price | $10,771,654 |
| Price Per Bed | $168,307 |
| Sale Type | Investment |
| Cap Rate | 10.29% |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 1.93 AC |
| Building Size | 38,719 SF |
| No. Beds | 64 |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 1.11/1,000 SF |
1 of 1
PROPERTY TAXES
| Parcel Number | 48-41-25-04-0190 | Improvements Assessment | $2,684,140 |
| Land Assessment | $334,220 | Total Assessment | $3,018,360 |
ZONING
| Zoning Code | R-3 |
