American Healthcare Capital is pleased to introduce an independent living facility with additional land for sale in Wisconsin. The property was built in 1999 and is in pristine condition. It is located 75 miles east of Minneapolis, Minnesota off of Highway 94 and 25 miles west of Eau Claire, Wisconsin. The property includes a 44,553 square foot building area, and two parcels of land. The developed parcel consists of 7.66 acres, while the second parcel is made up of 9.31 acres that are undeveloped and contiguous to the facility. It is zoned for multi-housing, hospital, nursing home and assisted living. A larger development could be built on the property, subject to the approval of the city’s planning commission, which is “developer-friendly” and void of moratoriums.
Services to residents that are included in the schedule of rents are:
• Main meal of the day
• Light housekeeping
• Laundry facility with no charge
• Emergency call system
• On site storage facility
• Secured entry system
• Planned activities
• Cable TV
• Full use of the common area
In 2020, six of the low income units will revert to market rates. For the fiscal year ending June 30, 2016 Revenue was $536,214 with an adjusted EBITDA of $206,927 (38.6%). Once purchased, a new owner could choose to develop the vacant land or sell it separately, since it is on its own parcel.
All staff is expected to stay on under new ownership, and the seller would be willing to assist during a transitional period.
The asking price for the 36 units and the 9.31 acre vacant parcel of land is $3.5 Million.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.