16020 N 37th St - Assisted Livings FOR SALE


Phoenix, AZ 85032
$4,000,000 USD
480-766-2973
16020 N 37th St, Phoenix, AZ for Sale
$4,000,000 USD
Assisted Livings - FOR SALE
1/11
null | 13.5% Cap Rate

Mar '25


16020 N 37th St
Phoenix, AZ 85032


HIGHLIGHTS

  • CUSTOM ASSISTED LIVING NEW CONSTRUCTION!
  • Double Digit Cap Rate
  • 10 Private bedrooms en suite bathrooms

OVERVIEW

Opportunity: We are pleased to present a rare investment opportunity to acquire a brand new, luxury 13-bedroom 14-bathroom assisted living home in the highly coveted Phoenix Kierland area! This exclusive offering provides the astute investor seeking cash flow and a higher cap rate, the chance to acquire a Class 'A' property in one of the nation’s most desirable communities for senior living. This 13bd home is conservatively projected to have gross monthly income exceeding $80,000 and an annual gross income surpassing $960,000! Don't miss this exceptional opportunity to own newly constructed luxury residential assisted living home with the potential for further growth and profitability. Construction to be completed in Q1 2025. Why Kierland Phoenix: This property offers serene desert landscapes combined with upscale living, catering to a sophisticated lifestyle. The residence is ideally located near premium healthcare facilities, lush parks, renowned Kierland and Paradise Valley Mall shopping centers, and gourmet dining, ensuring comfort and convenience for its occupants. The Phoenix area is renowned for its high quality of life, making it an attractive destination for retirees looking for luxury and tranquility. Licensing: The facility is licensed through AZDHS for a maximum of 10 assisted living residents. Designed with an open-concept floor plan, each of the 10 private bedrooms includes an en suite full bathroom and private courtyard, ensuring a premium living experience. Additional features include a hall bathroom, live-in caregiver suite with its own en suite bathroom, office, salon, laundry room, spacious living room, a gourmet chefs kitchen, ample storage, abundant natural light, formal dining area, and multiple common seating areas, all designed to promote an active and social lifestyle. Outdoor features a walking path and a tranquil patio area ideal for relaxation and social gatherings. With only 689 licensed 10-bedroom assisted living homes in Maricopa County, this residence is set to stand in the top 1% of assisted living homes in the Valley. Value Add Opportunity for Expansion: Value add opportunity includes applying for a 16bd exemption with the City of Phoenix to add on 6 additional bedrooms. The 16bd value add could increase month gross income to $112,000 and annual gross income to $1,344,000!

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$716 USD /SF

CAP RATE

13.5%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

New Construction Luxury Assisted Living!

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing, Continuing Care Retirement Com, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

Residential

APN/PARCEL ID

214-34-015B

ASK ABOUT THIS PROPERTY

Jake CrawfordeXp CommercialMore Info
480-766-2973

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jake CrawfordeXp CommercialMore Info
480-766-2973

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.