marina mile alf / drug rehabilitation center · 2017-11-30 · south florida boca raton/boca raton...

Each office is independently owned and operated.

Sponsored By:

Each office independently owned and operated

Marina Mile ALF / Drug Rehabilitation Center1320 SW 26th St | Ft Lauderdale, FL 33315

JOHN DEMARCO, [email protected]

APPROVED DRUG DETOX AND REHABILITATION CENTER! ➢

Currently operating as a 35 bed licensed assisted living facility.➢

Cash offers only ➢

RE/MAX 5 STAR REALTY4151 Hollywood BlvdHollywood, FL 33020(954) 361-0000www.DeMarcoGroup.com

INVESTMENT DETAILS1320 SW 26th St | Ft Lauderdale, FL 33315

The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteedand should be personally verified through personal inspection by and/or with the appropriate professionals.

Analysis

Analysis Date November 2017

Property

Property Marina Mile ALF / Drug

Property Address 1320 SW 26th StFt Lauderdale, FL 33315

Year Built 1959

Financial Information

All Cash

Purchase Information

Property Type Commercial

Purchase Price $3,500,000

Tenants 35

Total Rentable Sq. Ft. 5,507

Loans

Type Debt Term Amortization Rate Payment LO Costs

All Cash

Income & Expenses

Gross Operating Income $0

Monthly GOI $0

Total Annual Expenses ($10,026)

Monthly Expenses ($836)

Contact Information

John DeMarco, ACP

954-678-8733

[email protected]

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PROPERTY DESCRIPTION1320 SW 26th St | Ft Lauderdale, FL 33315


APPROVED DRUG DETOX AND REHABILITATION CENTER!

Truly a once in a life time opportunity to acquire a fully approved drug rehab and detox center. Drug detox approval isfor 35 beds. Currently operating as a 35 bed licensed assisted living facility. New detox investor can continue to run thecurrent assisted living facility business or give all residents 45-day required notice to vacate. Property will needrenovated as part of the site plan approval issued by the city.

Cash offers only with good terms will be considered.

Priced to sell fast included in this package are 2 comparable recent sales showing other detox centers have sold forover $200,000 a bed.

Do not disturb existing business. For additional information call John DeMarco.

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COMPS1320 SW 26th St | Ft Lauderdale, FL 33315


1000 NW 15th St - Watershed Treatment Center

Boca Raton, FL 33486

Sale on 1/13/2017 for $5,800,000 ($284.77/SF) - Research Complete

20,367 SF Skilled Nursing Facility Building Built in 1984 22 Beds SOLD

1

Buyer & Seller Contact Info

Recorded Buyer: Recorded Seller: B & L AssociatesBoca Recovery Institue, LLC

True Buyer: True Seller: Milestone Properties Inc.

200 Congress Park DrDelray Beach, FL 33445(561) 394-9533

Joseph Tuttle

Joe Tuttle

2500 E Commercial BlvdFort Lauderdale, FL 33308(855) 722-6926

Buyer Type: Seller Type: Developer/Owner-RGNLIndividual

Buyer Broker: Listing Broker: Marcus & Millichap

C. Todd Everett

(954) 245-3483

Douglas Mandel

(954) 245-3465

Marcus & Millichap

C. Todd Everett

(954) 245-3483

Douglas Mandel

(954) 245-3465

Sale Date:

Price/SF:

Sale Price:

$284.77

$5,800,000-Confirmed

01/13/2017 (3 days on market)

Bldg Type:

Land Area:

Year Built/Age:

GLA:

Skilled Nursing Facility

Built in 1984 Age: 33

20,367 SF

1 AC (43,560 SF)

Percent Leased: -

Transaction Details

Asking Price: $5,720,000

Price/AC Land Gross: $5,800,000.00

Total Value Assessed:

Improved Value Assessed

Land Value Assessed:

$1,995,441 in 2016

$1,308,284

$687,157

Percent Improved: 65.6%

Land Assessed/AC: $687,157

Owner/UserSale Type:

Transfer Tax: $40,600

ID: 3810171

-

Spacer

Escrow Length: -

Parcel No: 06-42-47-24-20-001-0000

Document No: 28835-1017

Sale History: Sold for $5,800,000 ($284.77/SF) on 1/13/2017Sold for $1,250,000 ($61.37/SF) on 11/17/1998

No. of Tenants: 2

Tenants at time of sale: Prescription Drug Addiction; Watershed

Copyrighted report licensed to Re/Max 5 Star Realty - 746067. 10/2/2017

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Sale History: Sold for $5,800,000 ($284.77/SF) on 1/13/2017Sold for $1,250,000 ($61.37/SF) on 11/17/1998

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Transaction Notes

This 20,367 square foot health care facility was sold for $5,800,000 or $284.77 per square foot. The facility has 22 licensed beds. Sold for $263,363.36 per bed. The new owners are currently renovating the property and plan to move in as soon as possible.

Bldg Type: Skilled Nursing Facility

-

0 SF

Class:

Total Avail:

Bldg Vacant:

Tenancy:

Owner Type:

Owner Occupied

0 SF

-

Individual

-

Bldg Status: Built in 1984

-

-

% Leased:

Rent/SF/Yr:

Typical Floor Size:

Land Area:

Elevators:

Zoning: 13,578 SF

1 AC

0

MC, Boca Raton

Current Building Information

RBA: 20,367 SF

Core Factor: -

Stories: 2

Building FAR: 0.47

Parking: 15 Surface Spaces are available; 10 Covered Spaces are available; Ratio of 1.23/1,000 SF

Const Type: Reinforced Concrete

Expenses: 2016 Tax @ $2.17/sf

ID: 4425660

Location Information

South Florida

Boca Raton/Boca Raton East

Metro Market:

Submarket:

County: Palm Beach

Map(Page): Trakker 54-R42

CBSA: West Palm Beach-Boca Raton-Delray Beach, FL

DMA: West Palm Beach-Ft Pierce, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

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1000 NW 15th St - Watershed Treatment Center SOLD20,367 SF Skilled Nursing Facility Building Built in 1984 (con't)


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4225 W 20th Ave - Southern Winds Hospital

Hialeah, FL 33012

Sale on 6/1/2016 for $15,000,000 ($409.57/SF) - Research Complete

36,624 SF Skilled Nursing Facility Building Built in 1988 72 Beds SOLD

2

Buyer & Seller Contact Info

Recorded Buyer: Recorded Seller: Westchester General Hospital, Inc4225 LLC

True Buyer: True Seller: Westchester General Hospital, Inc

2500 SW 75th AveMiami, FL 33155(305) 264-5252

Millennium Management LLC

10800 Biscayne BlvdMiami, FL 33161(305) 864-9191

Buyer Type: Seller Type: MedicalDeveloper/Owner-RGNL

Listing Broker: No Listing Broker on Deal

Sale Date:

Price/SF:

Sale Price:

$409.57

$15,000,000-Confirmed

06/01/2016

Bldg Type:

Land Area:

Year Built/Age:

GLA:

Skilled Nursing Facility

Built in 1988 Age: 28

36,624 SF

1.87 AC (81,366 SF)

Percent Leased: 100.0%

Transaction Details

Asking Price: -

Price/AC Land Gross: $8,030,408.48

Total Value Assessed:

Improved Value Assessed

Land Value Assessed:

$3,866,099 in 2015

$2,727,003

$1,139,096

Percent Improved: 70.5%

Land Assessed/AC: $609,827

InvestmentSale Type:

Transfer Tax: $90,000

ID: 3612651

-

Spacer

Tenancy: Single

Escrow Length: -

Parcel No:

Financing:

04-3002-165-0020

Down payment of $2,200,000.00 (14.7%)$12,800,000.00 from The PrivateBank and Trust Company

Document No: 30098-4856

Legal Desc: ALL THAT CERTAIN tract of land situate in the County of Miami-Dade, State of Florida described as follows,to wit:LOT 2, IN BLOCK 1, OF MARU SUBDIVISION, ACCORDING TO THE PLAT THEREOF, AS RECORDED INPLAT BOOK 130, AT PAGE...for the remainder see deed.

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Transaction Notes

The information for this report has been verified with a source deemed reliable.

On June 1, 2016 Westchester General Hospital, Inc. sold the 72-bed psychiatric care facility located at 4225 West 20th Ave in Hialeah, FL toMillennium Management LLC for $15 million, or approximately $208,333 per bed. At the time of sale the subject property was calledSouthern Winds Hospital.

The property is fully leased to an operator for 25 years. The identity of the operator was not provided.

The buyer financed this acquisition with a $12.8 million loan provided by The PrivateBank and Trust Company. In conjunction with the loanthey obtained a $2 million operator loan note.

Income Expense Data

$69,634

$69,634

Total Expenses

- Operating Expenses

- TaxesExpenses

Bldg Type: Skilled Nursing Facility

-

0 SF

Class:

Total Avail:

Bldg Vacant:

Tenancy:

Owner Type:

Owner Occupied

0 SF

Single

Developer/Owner-RGNL

No

Bldg Status: Built in 1988

-

-

% Leased:

Rent/SF/Yr:

Typical Floor Size:

Land Area:

Elevators:

Zoning: 19,828 SF

1.87 AC

0

C-2

Current Building Information

RBA: 36,624 SF

Core Factor: -

Stories: 3

Building FAR: 0.45

Parking: 90 free Surface Spaces are available; Ratio of 1.33/1,000 SF

Const Type: Reinforced Concrete

Expenses: 2016 Tax @ $1.90/sf

ID: 6035914

Location Information

South Florida

Medley/Hialeah/Medley/Hialeah

Metro Market:

Submarket:

County: Miami/Dade

CBSA: Miami-Miami Beach-Kendall, FL

DMA: Miami-Ft Lauderdale, FL

CSA: Miami-Fort Lauderdale-Port St. Lucie, FL

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4225 W 20th Ave - Southern Winds Hospital SOLD36,624 SF Skilled Nursing Facility Building Built in 1988 (con't)


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DEMOGRAPHICS1320 SW 26th St | Ft Lauderdale, FL 33315


Population 1 Mile 3 Mile 5 Mile

Male 3,678 (51.53 %) 48,051 (51.93 %) 132,253 (50.89 %)

Female 3,460 (48.47 %) 44,481 (48.07 %) 127,607 (49.11 %)

Total Population 7,138 92,532 259,860

Age Breakdown 1 Mile 3 Mile 5 Mile

Ages 0-4 283 (3.96 %) 4,463 (4.82 %) 12,738 (4.90 %)

Ages 5-9 358 (5.02 %) 5,552 (6.00 %) 15,984 (6.15 %)

Ages 10-14 345 (4.83 %) 5,186 (5.60 %) 14,949 (6.15 %)

Ages 15-19 309 (4.33 %) 5,021 (5.43 %) 14,568 (5.61 %)

Ages 20-24 320 (4.48 %) 5,146 (5.56 %) 14,986 (5.77 %)

Ages 25-29 356 (4.99 %) 5,285 (5.71 %) 15,155 (5.83 %)

Ages 30-34 386 (5.41 %) 5,556 (6.00 %) 15,285 (5.88 %)

Ages 35-39 469 (6.57 %) 5,947 (6.43 %) 16,151 (6.22 %)

Ages 40-44 572 (8.01 %) 6,677 (7.22 %) 17,834 (6.86 %)

Ages 45-49 645 (9.04 %) 7,336 (7.93 %) 19,642 (7.56 %)

Ages 50-54 659 (9.23 %) 7,362 (7.96 %) 19,767 (7.61 %)

Ages 55-59 623 (8.73 %) 6,945 (7.51 %) 18,635 (7.17 %)

Ages 60-64 527 (7.38 %) 6,028 (6.51 %) 16,384 (6.30 %)

Ages 65-69 433 (6.07 %) 4,946 (5.35 %) 13,699 (5.27 %)

Ages 70-74 321 (4.50 %) 3,768 (4.07 %) 10,873 (4.18 %)

Ages 75-79 204 (2.86 %) 2,677 (2.89 %) 8,110 (3.12 %)

Ages 80-84 119 (1.67 %) 1,674 (1.81 %) 5,471 (2.11 %)

Ages 85+ 209 (2.93 %) 2,963 (3.20 %) 9,629 (3.71 %)

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DEMOGRAPHICS1320 SW 26th St | Ft Lauderdale, FL 33315


Household Income 1 Mile 3 Mile 5 Mile

Median Income $54,621 $47,142 $45,526

Less than $10,000 61 2,948 9,506

$10,000 -$14,999 196 2,178 6,369

$15,000 - $19,999 59 2,202 6,062

$20,000 -$24,999 142 1,972 6,507

$25,000 - $29,999 277 2,439 6,479

$30,000 - $34,999 161 2,228 6,177

$35,000 - $39,999 160 2,044 5,801

$40,000 - $44,999 329 1,855 5,832

$45,000 - $49,999 135 1,538 4,420

$50,000 - $59,999 220 3,443 8,404

$60,000 - $74,999 419 3,901 10,156

$75,000 - $99,999 239 3,878 11,211

$100,000 - $124,999 269 2,617 7,096

$125,000 - $149,999 275 1,527 3,837

$150,000 - $199,999 185 1,484 4,169

Greater than $200,000 130 1,714 4,965

Housing 1 Mile 3 Mile 5 Mile

Housing Units 4,008 45,685 129,542

Occupied Units 3,460 38,822 109,304

Owner Occupied Units 1,984 19,196 59,380

Renter Occupied Units 1,476 19,626 49,924

Vacant Units 548 6,863 20,238

Race Demographics 1 Mile 3 Mile 5 Mile

Population Non Hispanic White 6,220 55,564 150,301

Population Black 321 31,730 95,689

Population Am In/Ak Nat 6 24 72

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LOCATION MAP1320 SW 26th St | Ft Lauderdale, FL 33315


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marina mile alf / drug rehabilitation center · 2017-11-30 · south florida boca raton/boca raton...

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