“An associate firm is pleased to introduce an 86-unit Independent Living Facility in Metro Atlanta with dining facilities and a large professional kitchen. Occupancy currently is at 70% and expected to stabilize by Q2 2023 with a potential Gross Revenue of $220,000 per month at stabilization and a 40% margin. Q3 2022 Market CAP Rate for Senior Housing, according to Real Capital Analytics (RCA), was 5.8%. Potential Owner Financing Terms (offered by Seller):
Purchase Price: $11,500,000
Interest rate on Lease: 6.5% interest payment only
Terms: 12 months with the option to extend for another 6 months based on exit financing
Lease Payment Escrow.
Highlights:
• This Class “A” facility was renovated in 2020 and offers the best of independent living
• The property is currently in the process of stabilization
• Units include a living area with a private bathroom and shower
• The property is situated on 2.26 acres
• Dining, entertainment and grocery options are all convenient to the property
• Property is managed by third party.”