425 Country Club Dr - Assisted Livings FOR SALE


Stockbridge, GA 30281
$8,500,000 USD
303-250-8338
425 Country Club Dr, Stockbridge, GA for Sale
$8,500,000 USD
Assisted Livings - FOR SALE
1/29
null | Request Cap Rate

425 Country Club Dr
Stockbridge, GA 30281


HIGHLIGHTS

  • 60 Non-smoking guestrooms
  • Three-Story, interior corridor
  • Primed for conversion to Marriott/Hilton/IHG Soft branded hotel
  • Located with direct exposure to Eagles Landing Country Club

OVERVIEW

Avison Young is pleased to exclusively offer the opportunity to purchase and convert to a high-end hotel brand, Golden Crest Senior Living. Built in 1990, this 60-unit, 34,823 square foot (SF) class B health care building is well situated at 425 Country Club Drive in Stockbridge, GA, and primed for a hotel conversion The property features 68 surface-level parking spaces across its 6.92 acres of land. With direct exposure to Country Club Drive, this property is positioned excellently for commute and access to nearby amenities and has minimal competition in the market given its high-end potential. DISCOUNT TO REPLACEMENT COST Over the last several years as the economy has continued to grow, both labor and materials have reached all-time peaks leading to soaring construction costs for new build projects. Conversely, this property is being offered at a substantial discount compared to the price to replicate the same assets today, offering a new investor immediate value from day one.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boutique Hotel Conversion - Golf Resort

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

6.92 AC

LAND SF

301,435 SF

ZONING

C1

APN/PARCEL ID

051--01-016-021

ASK ABOUT THIS PROPERTY

Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

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Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

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