My ALF Consultant and KW Commercial are exclusively offering for sale this assisted living and memory care facility, located in the Central Florida Submarket. This well-maintained property, with over 80 beds, is situated on a major highway near a prominent hospital. The three-story building, spanning nearly 40,000 square feet, contains close to 70 suites, each equipped with a kitchenette, private bathroom, and sitting area. Additional features include a hair salon, activities room, outdoor gazebo, two screened patios, and a backup generator. The memory care wing offers a dedicated dining area, activity room, nurses station, and secure patio, catering to the Medicaid middle-market.
New ownership has stabilized operations by implementing a new management company, installing a new roof, and upgrading several air conditioning units. Initially at 38% occupancy with most residents in private rooms, the facility restructured its unit mix to prioritize shared rooms, boosting occupancy to 70% with consistent monthly increases. A new marketing director and agency are driving further resident growth, enhancing operational efficiency.
The owners are preparing an application to expand licensed capacity by over 40%, with zoning, fire, and health approvals already secured. At the expanded capacity, current occupancy would equate to 50%, offering significant potential to increase revenue by filling remaining beds using existing space. This clean, stabilized facility presents a practical opportunity for operators to grow revenue without additional capital investment in the Central Florida Submarket.
