Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

919 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

775 Highway 96 S - Southeast Texas Assisted Living Facility

9,916 SF Health Care Building Offered at $2,150,000 at a 11.16% Cap Rate in Silsbee, TX 77656

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Licensed for 16 beds
Located 20 miles north of Beaumont, situated on 1.1 acres
Excellent staff and management team willing to stay post-transition

Located 20 miles north of Beaumont, situated on 1.1 acres
Opportunity for expansion to increase bed count or add Alzheimer’s care
Long-established business with a stellar reputation in the community

Executive Summary

Spanish Trail Assisted Living, a licensed 16-bed Type B facility, has been serving its community since 2013 as the only assisted living provider in the area. Located just 20 miles north of Beaumont and situated on 1.1 acres, this facility boasts an excellent reputation and a long-established record with the state. The property is well-maintained, featuring amenities such as a salon and a large, fenced-in outdoor area for residents. With an outstanding staff and management team in place, the transition to new ownership will be seamless, even for absentee owners. Additionally, the property offers the potential for expansion, allowing for increased bed capacity or specialized Alzheimer’s care. This is a great opportunity to acquire a well-regarded, fully operational assisted living facility with potential for growth and expansion.

Property Facts Under Contract

Price	$2,150,000	Lot Size	1.15 AC
Price Per Bed	$134,375	Building Size	9,916 SF
Sale Type	Investment or Owner User	No. Beds	16
Cap Rate	11.16%	No. Stories	1
Sale Conditions	1031 Exchange Business Value Included	Year Built	2013
Property Type	Health Care	Parking Ratio	1.41/1,000 SF
Property Subtype	Assisted Living	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	$2,150,000
Price Per Bed	$134,375
Sale Type	Investment or Owner User
Cap Rate	11.16%
Sale Conditions	1031 Exchange Business Value Included
Property Type	Health Care
Property Subtype	Assisted Living
Building Class	B
Lot Size	1.15 AC
Building Size	9,916 SF
No. Beds	16
No. Stories	1
Year Built	2013
Parking Ratio	1.41/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.