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
- 5/31 Occupancy: 90.90%
- T3A Revenue: $3.95M
- T3A NOI: $782k
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 maintained stabilized levels from 90.46% (T12) to 90.90% as of 5/31, with T12 revenue of $3.79M and T3A revenue of $3.95M reflecting consistent marketing and pricing execution in a limited-supply local market.
From an expense standpoint, the asset is fully stabilized with a T3A operating margin of 19.98% and T3A NOI of approximately $782K, 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.
