Central WA 94-Unit
A 94-Unit Assisted Living and Memory Care Located in Central WA
Asset Overview
Individual Asset Points
- Care Type: 73 AL | 21 MC
- Unit Count: 94
- Year Built: 1999
- Design: 3-Story
- Asset Profile: Stabilized
- 5/31 Occupancy: 91.4%
- T3A Revenue: $6.9M
- T3A NOI: $1.1M
The 94-Unit AL/MC, built in 1999, is a 3-story, single-building community on a 3.37-acre lot that offers strong day-one cash flow from a fully stabilized AL/MC operation. The unit mix spans AL Studios, MC Studios, Deluxe Studios, 1-Bedrooms, and 2-Bedrooms, supported by large community spaces and private bathrooms in each unit.
This asset is excelling from an occupancy and revenue standpoint. Occupancy has climbed from 89.4% (T12) to 91.4% as of 5/31, with T12 revenue of $6.7M and T3A revenue of $6.9M reflecting consistent marketing and pricing execution in a competitive market. As the largest revenue contributor in the portfolio, this community leads on top-line performance.
From an expense standpoint, this community is approaching stabilization with a T3A operating margin of 15.89% and T3A NOI of approximately $1.1M — the highest NOI profile in the portfolio.
The 94-Unit AL/MC offers future stakeholders an attractive, fully stabilized acquisition with strong day-one cash flow and a proven track record of occupancy and revenue growth through March 2026.
