ID#037249   Approximate Beds/Units:   39    Location:  Springfield

Another firm is pleased to introduce a 17,738 SF Health Care Building in Springfield, OR offered at a 9.45% Cap Rate. The facility is composed of 25 units/30 beds of assisted care and a 5-unit/9-bed memory care wing for persons with Alzheimer’s disease and related dementias. In the floor plan overview, the facility has three residential wings plus common area amenities. The one-story structure contains an overall gross building area of 17,738 square feet, which is 591 square feet per unit. A portion of the original structure was built in 1965 and utilized as a church. Subsequently, the original structure was extensively renovated in 1989 and converted for use as a 15-bed residential care facility. A renovation and 12,988 square foot addition was completed in 2001 bringing the capacity to 30 units/39 beds. The building is of average-quality construction and is in good repair. All resident rooms include a half-bath (toilet and wash basin) and each wing has a common shower room.  Additionally, 26 of the 30 rooms have private half-baths and 4 rooms (2 sets of rooms) have shared/adjoining half-baths. The property also includes an additional undeveloped parcel of ±1.40 acres.