California Independent Living / ALF For Sale
This is a confidential offering and not on the open market.
Owner wants to retire.
The owner will review an unsolicited LOI at the full Asking Price. Buyer must also provide a BIO of who they are and show ability to close.
NOI of $2.3M per year
Can add another building with 44-46 rooms (30,000 sf of land included in the sale) This is approved by the the city Planning Department. Plan is to be considered when he refinances in 2021.
Gross Income is over $8M.
Firm asking price: $33,675,000 = 6.83% Cap Rate
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.