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1600 E Citation Ln 4,048 SF Health Care Building Offered at $2,175,200 CAD at a 11.25% Cap Rate in Tempe, AZ 85284
Executive Summary
Fully Operational Assisted Living Investment Opportunity
Ark of Life is strategically located in a well-established residential area with strong demand drivers for senior housing. The property benefits from close proximity to major healthcare providers, including hospitals, medical centers, and specialty clinics, ensuring convenient access to essential services for residents.
Nearby amenities include grocery stores, pharmacies, dining options, and retail centers, providing ease of daily living for both residents and staff. The surrounding neighborhood offers parks, walking paths, and community spaces that enhance quality of life and support an active, engaging environment.
Ark of Life is strategically located in a well-established residential area with strong demand drivers for senior housing. The property benefits from close proximity to major healthcare providers, including hospitals, medical centers, and specialty clinics, ensuring convenient access to essential services for residents.
Nearby amenities include grocery stores, pharmacies, dining options, and retail centers, providing ease of daily living for both residents and staff. The surrounding neighborhood offers parks, walking paths, and community spaces that enhance quality of life and support an active, engaging environment.
Property Facts
| Price | $2,175,200 CAD | Building Class | B |
| Price Per Bed | $217,520 CAD | Lot Size | 0.89 AC |
| Sale Type | Investment or Owner User | Building Size | 4,048 SF |
| Cap Rate | 11.25% | No. Beds | 10 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built/Renovated | 1977/1986 |
| Zoning | R4 | ||
| Price | $2,175,200 CAD |
| Price Per Bed | $217,520 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 11.25% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | B |
| Lot Size | 0.89 AC |
| Building Size | 4,048 SF |
| No. Beds | 10 |
| No. Stories | 1 |
| Year Built/Renovated | 1977/1986 |
| Zoning | R4 |
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 301-51-233 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $79,362 CAD |
Property Taxes
Parcel Number
301-51-233
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$79,362 CAD
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1600 E Citation Ln
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