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12 E Grove Ave - Prime 51 Bed ALF in the Heart of Lake Wales

25,666 SF Health Care Building Offered at $8,823,650 CAD at a 17.49% Cap Rate in Lake Wales, FL 33853

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INVESTMENT HIGHLIGHTS

Prime 51 Bed ALF in the Heart of Lake Wales, FL
17% Cap Rate at Full Occupancy (Currently at 65%)
Full Staff and Management Team in Place

Real Estate + Business are Included with the Sale
Rare and Desirable ALF License/Zoning as well as Generator Included

EXECUTIVE SUMMARY

Rare opportunity to own this Prime 51-bed Assisted Living Facility (ALF) located at 12 E Grove Ave in Lake Wales, FL. This sale includes real estate, the business, required licenses, and a generator. Currently operating at 65% occupancy at a 5.4% Cap Rate, this facility offers significant potential for increased profitability by filling vacancies and optimizing expenses to operate at a whopping 17% Cap Rate! This property also have the license to operate at 60 beds! Full staff and management in place! ALFs of this caliber rarely come to market—don’t miss out on this highly desirable investment opportunity!

12 E GROVE AVE-ELEVI-FLYER

PROPERTY FACTS

Price	$8,823,650 CAD	Lot Size	2.76 AC
Price Per Bed	$173,013 CAD	Building Size	25,666 SF
Sale Type	Investment or Owner User	No. Beds	51
Cap Rate	17.49%	No. Stories	1
Property Type	Health Care	Year Built	1998
Property Subtype	Assisted Living	Parking Ratio	1.02/1,000 SF
Building Class	B

Price	$8,823,650 CAD
Price Per Bed	$173,013 CAD
Sale Type	Investment or Owner User
Cap Rate	17.49%
Property Type	Health Care
Property Subtype	Assisted Living
Building Class	B
Lot Size	2.76 AC
Building Size	25,666 SF
No. Beds	51
No. Stories	1
Year Built	1998
Parking Ratio	1.02/1,000 SF