92-Bed Assisted Living Facility - Financing Available!!!

8207 Forest City Rd, Orlando, FL 32810

Description This is a well-established, well managed Assisted Living Facility ready for a new owner to take over and continue growing the business. The owners have recently expanded the facility from 74-beds to its current 92-Beds. The cost of the expansion was $2M. The income is continuing to grow every month and is reaching the $1.1M area this month (October 2023). This facility includes: 92-Beds/46-Units 20,364 SF (16,416 Rentable) 1.82-Acres Built: 1987- Renovated 2022 Current Financial Information (2023): $2,405,362 Gross Revenue $955,636 NOI 2024 Financial Projections (92 AL Beds 93% Occupancy): $2,740,320 Gross Revenue $1,121,739 NOI $955,636 NOI 2024 Financial Projections (32 Memory Care Reinstated): $3,234,720 Gross Revenue $1,382,938NOI Memory Care: This facility once included a 32-unit Memory Care wing that was shut down during the construction. The owners will reinstate the Memory Care component at the request of the new owner, who can enjoy the additional revenue the Memory Care component will contribute. Management: The owners of this facility are willing to offer their management services to the new owner. Financing: the owners have a business relationship with a reputable lender who has established lucrative financing terms for this acquisition. Current Appraisal and Financing Information available upon request! Highlights 92-Bed Assisted Living Facility 91% Occupied 9% Cap Rate Possible Memory Care Component Financing Available

Contact

Broker or Owner Contact
Benny Spensieri
,
Phone:
ED Contact
Robert Collins
Orlando Utilities Commission
100 W Anderson St
Orlando, FL 32801
Phone: (407) 423-9100
rcollins@ouc.com

Building

Property ID 798
Building Size 20364
Site Size (acres)
Zoning R-3
Year Built 1985
Number of Drive-In Doors
Number of Dock-In Doors
Clearance Height
Drive-in Doors no
Sprinklered no
Parking Ratio 0
Updated
Number of Parking Spaces
Parking no
HVAC

Pricing

For Sale yes
Sale Price 0
For Lease no
Lease Type
Lease Cost 0

Geographic and Infrastructure

Latitude 28.631191
Longitude -81.4141189
County Orange County
Rail Access no

Utilities

Service to Property no
Electric Provider
Gas On Site no
Gas Provider
Water On Site no
Water Provider
Fiber Optics no
Telecom on Site no
Sewer On Site no
Sewer provider