Senior Housing and Assisted Living Facilities for Sale in Texas

Haven Senior Investments is proud to present a 33,981 sq. ft. medical hospital building constructed in 2009. It was operated as a hospital under several different names until around 2019 when it was re-marketed as a medical office building. The first floor was reconfigured from a food service/patient service area to an office for a physician group. The current tenant’s lease will terminate soon and food service, patient waiting room, and emergency room area could easily be restored. The second and third floors comprise 23,824 sq. ft. and remain outfitted as hospital rooms (single and double occupancy) many rooms with furniture and fixtures remaining. Each room has a restroom/lavatory area, and closet. There are valves in the walls of each room for oxygen plus two other features. Most all patient rooms are on the window walls of the building with support room facilities in the inner core of the floor. There are multiple nurse stations on each floor and mail stations with securable file cabinetry, monitoring screens for each room, and telephone lines. Each of the two floors has office rooms for support staff, x-rays, and other ancillary functions central to the support of a hospital environment. There is one public elevator and one freight elevator that service the three-story building. The building has an external stairway for fire protection and an internal sprinkler system and hoses on each floor. There are lockable doors to secure one-half of each floor to separate from the other half of the floor. The condition of the flooring, walls, paint, ceilings, etc. would be considered exceptional considering the time it has sat without occupancy. The leasing market in this area has been such that the cost of converting the hospital rooms to office space was greater than could be justified by the office rental rate. This has contributed to the opportunity that is now at hand for the right operator. Modifications to ready the building for a new rehab or small hospital use would be far easier than any conversion of a building used previously for other purposes.

ID#043208    Approximate Beds/Units:   59    Location:  Athens

Another firm is pleased to introduce a remarkable opportunity to purchase or lease a vacant facility. It is situated along the picturesque State Highway 31 W. Located just outside of Athens city limits. This property offers 23± acres of land with its on-site sewer facility & no zoning restrictions. The existing infrastructure includes a 27,176± sf building with 59 patient rooms and an on-site sewer facility. The facility enjoys the serenity of a tranquil countryside, while still being close to essential amenities and other medical facilities and hospitals. The serene surroundings provide a soothing ambiance for residents. It offers spacious private rooms & communal areas designed for socialization and engagement. Some Improvements & modifications have been made to meet the state requirements for Assisted Living & Memory Care. The property is located in the county, outside of the city limits. No zoning restrictions provide flexible possibilities for development.

ID#043207   Approximated Beds/Units:  51-56/30    Location:   Plano

Another firm is pleased to introduce a purpose-built 51-bed Assisted Living Facility in the heart of Plano, TX. This fully licensed property features 31 units with a capacity for up to 56 beds, crafted for optimal comfort and privacy. The facility, converted to memory care in 2022, offers a mix of private and semi-private suites tailored to residents’ needs. Located off the George Bush Turnpike, the facility boasts an ‘X’ layout with multiple floor plans ranging from 290 to 464 square feet. With a comprehensive offering, including real estate, business, assets, licenses, employees, and residents, this presents a lucrative investment opportunity with significant upside potential. Don’t miss the chance to own this thriving facility in an affluent and desirable location.

ID#043206    Approximate Beds/Units:    16+16+8+8=48     Location:  Hawkins

Another firm is pleased to introduce Health Care Buildings (4) with a total of 48 beds and a 37,000 total SF in Hawkins, TX, and offered at a 9.60% Cap Rate. Buildings 1 and 2 each have 16 beds each. Buildings 3 and 4 have 8 beds each. All four are licensed with the State of Texas Health and Human Services. A separate tract that is ground-leased to Veterans of Hawkins for Veterans Memorial. They pay taxes on the land. Lastly, an REO sale is being called because the Partners who own the property have decided to sell.

ID#043205    Approximate Beds/Units:   166/108    Location:  Garland

Another firm is pleased to introduce a 74,562 SF Health Care building on 7.14 AC. The former Assisted Living Center has 108 rooms, accommodating up to 166 beds. This fully equipped facility features 100 parking spaces including handicapped parking, a full kitchen, and a fitness center.

ID#043202   Approximate Beds/Units:  16    Location: Near Houston

Another firm is pleased to introduce 16 Suite property in fabulous condition and ready for its next owner. They have decided to focus on  North Texas properties and list this property for sale. They acquired two properties out of Bankruptcy and spent over a year preparing them for licensing. The property had zero occupancy at the time of acquisition. The property is fully licensed as Class B Small Assisted Living with Alzheimer’s certification. These are well-designed and spacious properties. The property was appraised at more than $3,000,000. The EBITDA is projected to be approx. $325,000 property once stabilized.

ID#043199   Approximate Beds/Units:  50    Location: Katy

Another firm is pleased to introduce a 14,000 SF Memory Care Facility. INVESTMENT HIGHLIGHTS: Brand new 15-year Absolute NNN Lease with 7.5% rent increases every five years in both primary & renewal option periods. Alzheimer’s care is growing is currently undergoing expansion across the Houston and Dallas-Fort Worth MSAs. From 2010 to 2018, Houston added 1.1 Million new residents, an 18.2% Increase, the fastest rate among the largest U.S. Metros. The subject property is right off major roads in one of the most desirable Houston suburbs. Houston MSA’s population is 7.34M+

ID#043195   Approximate Beds/Units:  60    Location:   Arlington

Another firm is pleased to introduce a 29,226 SF former 60-Bed Memory Care Center in Arlington. This facility is priced at $75.27 PSF and has PD Zoning that allows all OC uses plus supervised living facilities.

ID#043194    Approximate Bed/Units:  148    Location:   Pasadena

Another firm is pleased to introduce a 63,535 SF Health Care Building with 148 beds in Pasadena. PROPERTY FACTS: Lot Size is 2.01 AC, Price Per Bed is $18,919, Building Size is 63,535 SF, Sale Type is Investment, No. Beds is 148, Property Type is Health Care, No. Stories is 2, Property Subtype is Assisted Living, Year Built is 1980, Building Class is “B”

ID#043191   Approximate Beds/Units:  TBD     Location: Sachse

Another firm is pleased to introduce a 14,000-square-foot, 16-bed, Assisted Living Property located in Sachse, Texas. The Property is a stand-alone senior care development. The property is surrounded by both single and multi-family residential developments. The Property was constructed in 2023 and will be in operation soon. The facility has a brand new 16-year personally guaranteed absolute net lease with built-in base rent escalations every 5 years, including 3, 5-year renewal options. There is a strong tenant profile as the Facility’s Alzheimer’s Care is growing its successful concept and currently undergoing expansion across Texas. The facility is surrounded by a dense housing market with strong median household incomes of $105,898 within 5 miles of the property and a population of nearly 136,100 residents within 5 miles of the property.

ID#043181   Approximate Beds/Units:  120     Location:  Jacksonville  

Another firm is pleased to introduce a 49,432 SF Health Care Building with 120 beds in Jacksonville, TX. This former licensed nursing facility was located just east of the downtown area along one of three major thoroughfares in Jacksonville, Texas. It was conveniently developed less than 10 minutes from two major hospitals, UT Health Jacksonville and Christus Mother Frances Hospital. This is an excellent value-add opportunity for an investor or owner-operator to acquire the asset. It is positioned in a market with nearly 18% of the population above the age of 65 and a strong employee base with 11.8% of workers in the healthcare and social assistance industry, the second-highest labor sector in the area.

ID#043173   Approximate Beds/Units:  40     Location:  Missouri City

Another firm is pleased to introduce this excellent opportunity to purchase an existing Assisted Living Facility. This property consists of two approximately 6,630 sq. ft bldgs (total 13,265 sq.ft.) sitting on 1.9 Acres near Missouri City, TX. The two buildings are currently licensed by the state of Texas as Small Type B facilities. The facility is licensed for 40 Beds. It has 20 rooms for patients along with 3 flex bedrooms for overnight staff. All Furniture, Fixtures, and Equipment currently on site are included in the sale. The building was designed in such a way that each holds two separate licenses with a firewall and kitchen separating the “A” and “B” sides. The campus is immaculate with thousands spent on the landscaping package to make them feel inviting for families. Each building has a commercial-grade kitchen. The current average monthly rate per bed per month is $4,000. The location is away from the street and the gated nature of the facility allows for safety for patients and their families. In addition, it’s located in a strong submarket in terms of retail, residential housing, and schools.

ID#043171   Approximate Beds/Units:  241     Location:  Tomball

Another firm is pleased to introduce a 10,190 SF Health Care Building with 241 beds offered at $3,820,000 at a 5.50% Cap Rate in Tomball, TX. There is an Absolute NNN Lease, fee simple ownership, and zero landlord responsibilities. The tenant has over 11.5 years of firm term remaining with 3 (5-year) option periods left to extend. The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI, and hedging against inflation. The lease is personally guaranteed – tenant and guarantors are to report sales upon request. There is a well-known and established tenant.