Available For Sale - Healthcare

12,000 SF

LISTED BY

Edward Durnil
Tranzon Asset Advisors, 270-769-0284

AVAILABILITY DETAILS

Size
12,000 SF
Price/SF
N/A - Contact for Info
Listing ID
SA526692
Notes
Online Auction Net Lease Opportunity – Assisted Living Facility



This income producing property contains 12,000 +/- Leased sf, with approximately 20,000 additional that can be renovated and/or converted to provide added income stream such as multi-family or senior housing. The current tenant has occupied the property since 2012 and is a well-established and licensed provider of assisted living services in central Minnesota.



Tenant recently renewed its lease at a rate of $6,000 per month with an option for an additional year’s lease with rent increase to $7,000 per month starting July 2024. The property has a (15) resident bed capacity, a full-size commercial kitchen, dining area, common and recreational rooms, laundry area, office, medication room and other amenities. Property in generally sound condition, tenant maintains interior spaces plus grounds care (mowing, bushes & snow removal), landlord maintains exterior and HVAC systems, property is sold in its as is/where is condition. The property is located within a 30 minute drive of downtown St. Cloud, MN in the bucolic township of Holdingford, MN.



Highlights Include:

12,000 +/- Sq. Ft. Assisted Living Facility under lease – Landlord Possession at Closing

Long Term Tenant with Recently Renewed 1 Year Lease

Tenant Currently Pays $6,000/mo. with Option to Extend addn. Year to $7,000/mo. in July 2024

Licensed for All Levels of Personal Care with a 15 Resident Capacity

Limited Competition for Assisted Living Service – Tenant in Place for over 10 Years

Adjoining Building Provides Ample Room for Future Expansion, Renovation & Value Add

Fantastic Investment Opportunity – Buy It At Online Auction or Pre-Sale Offers Welcomed!

30 Minutes from downtown St. Cloud, MN – Largest Population Center in Central MN

Zoning: Mixed Family Residential (R-2)

Broker/Agent Participation Welcomed – Contact Tranzon for Information & Registration!

Utilities: Electric, Natural Gas, City Water & Sewer



Property Address: 231 Washington Street, Holdingford, MN 56340

Online bidding ends October 19th at 3:00 PM ET

Inspection: October 12th at 12:00 PM ET



10% Buyer's Premium and other terms apply



Contact Jordan Conlee at 888-791-7307 ext. 809 or jconlee@tranzon.com
Uses
Healthcare

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Edward Durnil, Tranzon Asset Advisors
BRE# KY. Auctioneer P1734