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: 9/4/2020

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

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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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