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Mesa Development Site — Entitled for 40 Beds
Mesa, AZ
$2,200,000
40
Beds
—
Building
2.1 acres
Lot Size
TBD
Year Built
N/A
Cap Rate
$55K
Price/Bed
About This Property
Entitled development site in East Mesa zoned and approved for a 40-bed assisted living community. Plans, entitlements, and civil engineering complete. Shovel-ready for qualified developer-operators.
Investment Highlights
Fully entitled and zoned for ALF
40-bed capacity approved
Plans and civil engineering complete
Shovel-ready — immediate start possible
Financial Details
Metric
Value
Notes
Asking Price
$2,200,000
Off-Market
Gross Revenue
$540,000
Annual projected
Operating Expenses
$324,000
60% expense ratio
Net Operating Income
$216,000
Estimated
Debt Service
$119,040
25% down / 7% / 30yr
Cash Flow (Pre-Tax)
$96,960
Annual
Cash-on-Cash Return
12.8%
Levered
Interested in this property?
Contact Crawford Commercial for full details, financials, and to schedule a tour.
CC
Crawford Commercial
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