Senior Housing and Assisted Living Facilities for Sale in Texas

Haven Senior Investments is proud to present Entitled Land, with Approved Plans for a proposed 40-unit Senior Living Community in the fast-growing north Dallas suburb of Plano, Texas. The overall community will offer several distinct housing options for seniors and active adults including assisted living and memory care. Demographic studies show continued population growth and a need for additional senior housing in the immediate area in the decades ahead. The detailed plan and proposal are available as a companion piece to this offering. The full financial proforma is also provided in the offering.

To receive an Offering Memorandum please sign the following Non-Disclosure Agreement

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.

To receive an Offering Memorandum please sign the following Non-Disclosure Agreement

ID#043213       Approximated Beds/Units:  48/26    Location:  Houston

Another firm is pleased to introduce a 15,610 square foot Assisted Living Facility licensed for 48 residents with 26 units located in Houston, Texas and currently licensed for assisted living. There was a full building rehab that occurred during the pandemic, revamping property features like the state-of-the-art kitchen, on-site laundry, lounges, and more.

The assisted living facility already meets many of the stringent requirements necessary including:

• Health and Safety Inspections: The facility has been inspected by HHSC for compliance with health and safety standards

• Licensing and Certification Readiness: It is currently licensed for assisted living.

• Facility Infrastructure: The building adheres to all necessary safety and accessibility standards, including fire safety, electrical systems, and ADA compliance.

ID#043212    Approximate Beds/Units:  196    Location:  196

Another firm is pleased to introduce a 78,460 SF former nursing home with 196 beds on 9.1 acres. The facility has been recently renovated with a new roof. The property is for sale for $10,200,000(approximately $130/SF).

ID#043210     Approximate Beds/Units:   32    Location:  Cedar Park

Another firm is pleased to introduce a 28,726 SF Assisted Living Facility with 48 units (32 private, 16 semi-private). The facility has a kitchen, laundry, putting green, beauty parlor, spa, open common areas, 2 wings of building, an open floorplan, and a functional layout of site amenities.

To receive an Offering Memorandum please sign the following Non-Disclosure Agreement.

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

Another firm is pleased to introduce a portfolio with 2 facilities with 148 beds in Pasadena. PROPERTY FACTS on facility Number 1: 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”.  Facility Number 2 information TBD.

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#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.