Special Purpose•Assisted Living•For Sale

135 Bed Assisted Living Facility For Sale

6701 Dairy Road, Zephyrhills, Florida 33542

Sale Price $8,000,000
Sale Type Investment
Zoning OP/Home for the Aged
Bldg Type Owner-User
Class B
Status Existing
Year Built 1987
Stories 1
Vacancy 50%
Gross Bldg 41,700 SqFt
Total Avail 41,700 SqFt
Land Area 3.36 Acres
Market Tampa/St. Petersburg
Sub-Market Pasco County
Parcel# 02 26 21 0010 03900 0060
Westbrook Manor has been in operation for many years. The owner purchased this facility in 2007 and it has provided a steady business throughout the years of ownership. Westbrook Manor includes: • 135-Licensed Beds • 41,700 SF • 3.36-Acres • 80-Rooms • 50% Occupied • $33,041,191 Gross Revenue • $488,503 NOI • Possible Expansion up to 160-Beds Bed rates and occupancy are below market for this facility. This facility is structurally and mechanically sound. Hospitals: Florida Hospital is located ½ Mile from this facility. Competition: There are only two other ALF’s located within the zip code area of this facility - Rosecastle of Zephyrhills (85 Beds) and Wellspring ALF (48 Beds). Financing: Low down payment, low interest rate financing available for this facility.
  • • 135-Licensed Beds
  • • 41,700 SF
  • • 3.36-Acres
  • • 80-Rooms
  • • 50% Occupied
  • • $33,041,191 Gross Revenue
  • • $488,503 NOI
  • • Possible Expansion up to 160-Beds
3/26/2020 12:00:00 AM 3/26/2020 6:42:09 PM
Benny Spensieri
Broker
CRES Corp International
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