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1710 N McDonald St - Golden Grace Adult Day Care

26,016 SF Health Care Building Offered at $3,200,000 at a 25% Cap Rate in McKinney, TX 75071

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Investment Highlights

Stunning building
Adult Day Care

Prime Location

Executive Summary

A stunning building spanning over 26,000 sq.ft on 2 acres of prime land in of the fastest growing and the most desirable cities, McKinney. There are many architectural features in this building including 49 rooms, conference rooms, offices, dining rooms, reception office, a beautiful chapel, game room with pool table, leisure areas and a high quality commercial kitchen. This is a unique opportunity for a diversified sectors of different types of businesses including assisted living, adult day care, school, hotel and many other possibilities. The property is currently home to Gladen GraceAssisted Living & Adult Day Healthcare. The operation is currently running at the minimum and the projection income of $3,447,000 /Year when all 5 wings are occupied with 20% vacancy factor.

INCOME PROJECTIONS FOR GOLDEN GRACE ASSISTED LIVING

OM 1710 McDonald Mckinney

Property Facts

Price	$3,200,000	Lot Size	2.00 AC
Price Per Bed	$65,306	Building Size	26,016 SF
Sale Type	Investment or Owner User	No. Beds	49
Cap Rate	25%	No. Stories	1
Sale Conditions	Lease Option	Year Built	1975
Property Type	Health Care	Tenancy	Single
Property Subtype	Assisted Living Healthcare Congregate SeniorHousing	Parking Ratio	2.65/1,000 SF
Building Class	C

Price	$3,200,000
Price Per Bed	$65,306
Sale Type	Investment or Owner User
Cap Rate	25%
Sale Conditions	Lease Option
Property Type	Health Care
Property Subtype	Assisted Living Healthcare Congregate SeniorHousing
Building Class	C
Lot Size	2.00 AC
Building Size	26,016 SF
No. Beds	49
No. Stories	1
Year Built	1975
Tenancy	Single
Parking Ratio	2.65/1,000 SF