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Assisted Living Care

Indio Assisted Living and Memory Care

81760 Ave 48, Indio, CA 92201

Listing Price: $7,000,000

Number of Beds
133
Gross SF
135,166
Occupancy
59.0%
Price/Bed
$52,632
Lot Size
8.03 acres
Year Built
2021

Investment Overview

The proposed Indio senior living development provides a great opportunity to acquire a fully entitled 8.03-acre parcel of land located at 81760 Avenue 48 in Indio, California. Indio is in the County of Riverside, bordered by Joshua Tree National Park to the north, the city of Coachella to the east, Vista Santa Rose to the south and La Quinta to the west. The Assisted Living and Memory Care development is fully entitled to be a three-story facility that will consist of a total of 135,166 square feet. The 2-acre parcels that currently house the parking for the facility can later be used to develop/add an Independent Senior complex or additional Memory Care units since the demand is high. The subject will contain 94 assisted living beds within 86 units and 39 memory care beds within 24 units. The city of Indio is located in the Coachella Valley and is one of the sister cities that span from Palm Springs to the northwest. Indio falls the furthest to the east, lying 23 miles east of Palm Springs, 77 miles east of Riverside and 127 miles east of Los Angles. The city sits along Interstate-10 which continues east across the southern portion of the US. Indio is part of the Riverside MSA. According to a recent market study (available in the data room), there is unmet demand for 134 assisted living beds and 125 memory care beds in 2021 within the primary market area. In addition, the aged 75 and older population within the subject’s PMA is projected to increase by 11.9% from 2021 to 2026, which will result in an increase in unmet demand for both assisted living and memory care services. With an average household income of $95,683 and a median home value of $439,295 in Riverside County, this location serves as a prime market for additional Seniors Housing. The owner of the site has decided to focus their attention on their existing portfolio which has struggled during the pandemic like so many have. This is a prime opportunity for a new owner/developer to capitalize on the stress that the pandemic has created within the seniors housing ecosphere and acquire a prime development opportunity in a submarket with significant unmet demand. Our team looks forward to discussing this opportunity in greater detail once you have reviewed the materials.

Investment Highlights

  • Well Located Fully Entitled-Institutional Grade Site
  • Compelling Unmet Demand in the Submarket
  • Existing Supply Performing Well
  • Excess Land for Additional Levels of Care

Exclusively Listed By

Assisted Living Care

Indio Assisted Living and Memory Care

Listing Price: $7,000,000

Number of Beds
133
Gross SF
135,166
Occupancy
59.0%
Price/Bed
$52,632
Lot Size
8.03 acres
Year Built
2021

Investment Highlights

  • Well Located Fully Entitled-Institutional Grade Site
  • Compelling Unmet Demand in the Submarket
  • Existing Supply Performing Well
  • Excess Land for Additional Levels of Care

Investment Overview

The proposed Indio senior living development provides a great opportunity to acquire a fully entitled 8.03-acre parcel of land located at 81760 Avenue 48 in Indio, California. Indio is in the County of Riverside, bordered by Joshua Tree National Park to the north, the city of Coachella to the east, Vista Santa Rose to the south and La Quinta to the west. The Assisted Living and Memory Care development is fully entitled to be a three-story facility that will consist of a total of 135,166 square feet. The 2-acre parcels that currently house the parking for the facility can later be used to develop/add an Independent Senior complex or additional Memory Care units since the demand is high. The subject will contain 94 assisted living beds within 86 units and 39 memory care beds within 24 units. The city of Indio is located in the Coachella Valley and is one of the sister cities that span from Palm Springs to the northwest. Indio falls the furthest to the east, lying 23 miles east of Palm Springs, 77 miles east of Riverside and 127 miles east of Los Angles. The city sits along Interstate-10 which continues east across the southern portion of the US. Indio is part of the Riverside MSA. According to a recent market study (available in the data room), there is unmet demand for 134 assisted living beds and 125 memory care beds in 2021 within the primary market area. In addition, the aged 75 and older population within the subject’s PMA is projected to increase by 11.9% from 2021 to 2026, which will result in an increase in unmet demand for both assisted living and memory care services. With an average household income of $95,683 and a median home value of $439,295 in Riverside County, this location serves as a prime market for additional Seniors Housing. The owner of the site has decided to focus their attention on their existing portfolio which has struggled during the pandemic like so many have. This is a prime opportunity for a new owner/developer to capitalize on the stress that the pandemic has created within the seniors housing ecosphere and acquire a prime development opportunity in a submarket with significant unmet demand. Our team looks forward to discussing this opportunity in greater detail once you have reviewed the materials.

Exclusively Listed By

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