Price Reduced! This rebuilt project in North Minnesota region with a strong healthcare infrastructure is less than 3 years old. The building is multi story, approximately 36,000 square feet. The facility has had steady occupancy and revenue growth and projected to stabilize in early 2020.
For a future operator, the facility’s best and highest use based on the licensing capacity is 66. The value up opportunity presents approximately $5 Million dollars when reaching the capacity with the assumptions of 10% vacancy and 5% management fees under the similar market and economic conditions.
The facility is owner operated and there is no management contract obligation. However, the owner is willing to assist with transition and the broker can assist with a management contract.