An associate firm is pleased to introduce an Assisted Living Facility for 55+ that is a unique opportunity in Tulsa, Oklahoma. The facility was constructed in 1990 and consists of 87 assisted living units averaging 324 square feet. The property offers four different one-bedroom floorplans. The property is currently 74% occupied, with strong occupancy rates in the submarket at 96% as of Q4-2022 (Yardi). A new investor can add value to the property by bringing the current occupancy levels in line with the market to offset the expenses associated with assisted living. Effective rent growth has risen drastically for the Tulsa-East submarket at 11.5% year-over-year (Yardi). All of the services are provided in-house. The Assisted Living Facility is being offered free and clear of existing debt. The U.S. Census Bureau estimates that 672,000+ people live in Tulsa, Oklahoma, with the World Population Review estimating that approximately 100,100 of those are 55+. The number one hospital in Tulsa – St. Francis Hospital, is only 5 miles away. Ascension St. John Medical Center is ranked number 2, just 4 miles from the facility. The asset is in a prime location, just 8 minutes from downtown Tulsa, and nestled in between U.S. Route-66 and Interstate 44.
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Unpriced Oklahoma

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