Special Purpose•Assisted Living•For Sale

78 Bed Memory Care-Alzheimers Facility for Sale

201 Sunset Drive North, Casselberry, Florida 32707

Sale Price $6,000,000
Sale Type Investment
Zoning RMF 13, Home for the Aged- ALf
Bldg Type Owner-User
Class B
Status Existing
Year Built 1978
Year Renovated 1980
Stories 1
Cap Rate 8.30%
Vacancy 20%
Annual Taxes $34,245.00
Gross Bldg 22,672 SqFt
Land Area 4.8 Acres
Market Orlando
Sub-Market Casselberry
Parcel# 08 21 30 300 0030 0000
Eastbrook Gardens is a Memory Care Facility specializing in Alzheimer’s care. This facility is licensed for 78 Beds but can go up to 120 beds. Eastbrook Gardens includes: • 78 Licensed Beds • 4.8-Acres • 78-Rooms • 80% Occupancy • $2,392,000 Gross Revenue • $500,248 NOI • Possible Expansion on Additional 3-acres MOL Development Opportunity: This property offers an additional 3-acres MOL for further construction. New owner may consider developing an Assisted Living Facility in addition to the Memory Care currently offered. Note: It is advised to consult with the proper authorities to verify the use of the additional land. Hospitals: Florida Hospital is located 2.3 Miles from this facility. Competition: There is only one other ALF’s located within the zip code area of this facility – Pathways to Care (40 Beds).
  • • 78 Licensed Beds
  • • 4.8-Acres
  • • 78-Rooms
  • • 80% Occupancy
  • • $2,392,000 Gross Revenue
  • • $500,248 NOI
  • • Possible Expansion on Additional 3-acres MOL
3/26/2020 12:00:00 AM 3/26/2020 6:41:18 PM
Benny Spensieri
Broker
CRES Corp International
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