Healthcare

Assisted Living in Hillsboro, TX

Hillsboro, Texas United States
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1999
Building Area
Land Area ()
Number of units 46

Property Description

JLL is pleased to offer to investors the opportunity to acquire a 46-unit assisted living community located in Hillsboro, Texas. Constructed in 1999, it has been owned and operated by the current seller since 2015. The city of Hillsboro lies conveniently one hour south of Dallas and two hours north of Austin. The community offers direct access from Interstate 35. The property is a physical outlier within the owner’s portfolio, which is their main reason for bringing the opportunity to market.


Investment Highlights

  • After battling a very tough operating environment throughout the COVID-19 pandemic, the community is operating near break-even and provides the next owner with the opportunity to take over a manageably-sized property on the verge of turning the corner operationally
  • The competitive market supply is very disparate, as residents in the area will travel much farther for assisted living care; the closest competitor is nearly 15 miles away, with the next-closest community situated 30 miles away in Waco
  • The convenient location of the building, located just east of Interstate 35, provides excellent visibility and accessibility within the local area
Last Updated Date: 02 Sep 2021
Cody Tremper
Cody Tremper
Managing Director, Capital Markets
Charles Bissell
Charles Bissell
Managing Director, Capital Markets

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Last Updated Date: 02 Sep 2021

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