6856 St. Augustine Road
Undisclosed Address, Florida
Business Opportunity
for Sale
| Catylist Listing ID: |
30621854 |
| Property Subtypes: |
Health and Medical
|
| Building Size (RSF): |
See Agent
|
| Sale Price: |
$1,550,000 |
| In Opportunity Zone? |
Yes |
| Name of Establishment: |
Mi Casa Adult Living Facility Home Inc. |
| Gross Revenue: |
$0 (Annual) |
| Cash Flow: |
$0 (Annual) |
| Last Updated: |
7/2/2020 |
Overview / Comments
4001 square foot two-story facility. Corner lot; 0.26 acres. Recent addition for adult day care. All furniture, equipment and fixtures are include in the sale. Building and furnishings are estimated at $500,000. Business value is $1,050,000.
Assisted Living Facility: Licensed for 17 beds and 20 adult day care. Day Care was initiated late in 2019 and enrollment is currently at nine, therefore, a large potential upside. Full registration will generate an additional $185,856. 2019 live-in was leased at a 13 bed average. Beds lease for a rate of $2,900 to $3,400 per month. Day care fees are approximately $1,408 per month. Full occupancy would generate an additional $144,000. The facility is bilingual; Spanish and English. Most residents and day care attendees speak Spanish. The current CAP rate is approximately 20%. A confidentiality agreement is required prior to providing financials.
|
Additional Details
| Industry Segment: |
Long-Term Care Facilities |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$0 |
| Real Estate Status: |
Real Property |
| Value of Real Estate Included ($): |
$500,000 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
6,688 |
16,183 |
| Median Age: |
51.31 |
44.56 |
| Households: |
2,735 |
6,282 |
|
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