11001 Southern BlvdRoyal Palm Beach, FL 33411

Exceptional value-add opportunity in Royal Palm Beach, Florida, featuring two Class A assisted living facilities totaling 42 beds. Building 1, renovated in 2022, boasts 100% occupancy and a current NOI of $450,000 (projected $406,000). Building 2, a newly constructed (2023) turnkey facility, is experiencing rapid lease-up, currently at 15 of 21 beds occupied. The combined pro forma NOI for both buildings is $871,000, representing a 15% cap rate on the $5,950,000 asking price. The properties sit on a 0.4-acre lot and benefit from a prime location with a high concentration of potential residents (115,000 within a 5-mile radius). Both buildings are equipped with essential features including fire sprinklers, fire alarms, generators, and underground propane tanks. The properties are easily managed with a single administrator, offering significant operational efficiencies. The seller is a real estate developer, not an operator, ensuring a streamlined transaction. This is a rare opportunity due to local zoning restrictions preventing the construction of similar facilities. Financial statements are available upon request. Serious inquiries only.