NDA for Offering Memorandum / Marketing Package and Seller Disclosure Documents:
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Ideal purchase for Proposition 1 | Prop 1 is a two-bill package including the Behavioral Health Services Act (BHSA) (Senate Bill 326) and the Behavioral Health Infrastructure Bond Act of 2024 (BHIBA) (Assembly Bill 531)
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Turnkey Motel | Business & Real Estate for Sale
*****SELLER FINANCING (up to 70% of purchase price)*******
18-Keys/Rooms + Management Office + Residence Living Quarters
Building Area (sq ft): 5,919.
Lot Size: 0.36 acres (another 0.33 acres on truck parking lot parcel, included in listing price)
Routine corporate customers from local mine
Business & Property included in listing price
Rates are currently below market
Upside to increase rates
Expandable to add more rooms, on 0.33 acres on neighboring truck parking lot parcel, included in listing price
Two large storage buildings/garage with car parking
Three bedroom living space
2 large lots for truck parking
Located on heavily traveled California State Route 58
Paved drive-up access to rooms
On hard corner lot
Year Built: 1960
Cooling: Evaporative Cooler
Construction: Wood
Zero advertising as business is well known & loved in community
Video security camera system | no audio
Grandfathered highly visible signage
***Call Listing Broker for scheduling viewing property. DO NOT DISTURB EMPLOYEES, OWNER, NOR CLIENTELE. PER SELLER'S REQUEST, DO NOT DISCUSS THE TRANSACTION***-
Behavioral Health Continuum Infrastructure Program
DHCS was authorized through?2021?legislation?to establish the Behavioral Health Continuum Infrastructure Program (BHCIP) and award $2.2 billion to construct, acquire, and expand properties and invest in mobile crisis infrastructure related to behavioral health. DHCS has been releasing these funds through multiple grant rounds targeting various gaps in the state’s behavioral health facility infrastructure.
In March 2024, California voters passed Proposition 1, a two-bill package including the Behavioral Health Services Act (BHSA) (Senate Bill 326) and the Behavioral Health Infrastructure Bond Act of 2024 (BHIBA) (Assembly Bill 531). The BHIBA portion is a $6.38 billion general obligation bond to develop an array of behavioral health treatment, residential care settings, and supportive housing to help provide appropriate care facilities for Californians experiencing mental health conditions and substance use disorders. DHCS was authorized to award up to $4.4 billion in BHIBA funds for BHCIP competitive grants. In addition, DHCS will enact changes resulting from Proposition 1 through the Behavioral Health Transformation (BHT) project, which aims to modernize the behavioral health delivery system, improve accountability, increase transparency, and expand capacity of behavioral health care facilities for California residents….