Central WA 74-Unit
A 74-Unit Independent Living and Assisted Living Community Located in Central WA
Asset Overview
Individual Asset Points
- Care Type: 4 IL | 70 AL
- Unit Count: 74 Units
- Year Built: 1999
- Design: 3-Story
- Asset Profile: Stabilized
- Occupancy: 95.12%
- T6A Revenue: $3.83M
- T6A NOI: $739k
This 74-Unit asset, built in 1999, is a 3-story, single-building community on a 2.83-acre lot offering a stabilized AL/IL operation with strong day-one cash flow. The unit mix spans Studios, Deluxe Studios, 1-Bedroom 1-Bath units, and IL Cottages.
The asset is performing well from an occupancy and revenue standpoint. Occupancy has climbed from 93.93% (T12) to 95.12% as of 3/31, with T6A revenue of $3.83M and T3A revenue of $3.87M reflecting consistent marketing and pricing execution in a limited-supply local market.
From an expense standpoint, the asset is fully stabilized with a T6A operating margin of 19.29% and T6A NOI of approximately $739K, contributing a reliable cash flow base to the portfolio.
This asset offers future stakeholders an attractive, fully stabilized acquisition with strong day-one cash flow, durable occupancy, and additional optionality from 2.53 acres of adjacent land that could be included for additional consideration.
