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2932 N 14th St - The Lodge at 14th Street 31,181 SF Health Care Building Offered at $8,584,908 CAD at a 8.61% Cap Rate in Phoenix, AZ 85014

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INVESTMENT HIGHLIGHTS

  • Attractive 8.61% Cap Rate on new 5-year lease
  • 55 private rooms plus 8 group/multi-use rooms.
  • Proven Operator with over 20 year experience
  • Opportunity to acquire a stabilized asset at below replacement cost
  • Commercial kitchen, laundry, dining facilities and indoor and outdoor recreation areas
  • Strategic location in Midtown Phoenix near SR-51 and I-10.

EXECUTIVE SUMMARY

This offering presents a rare opportunity to acquire a stabilized investment at a 8.61% cap rate, backed by a five-year lease with a well established nonprofit tenant. The 501(c)(3) organization, founded in 2003, provides transitional housing services and brings a strong community presence to the property. The facility is purpose, built with private group rooms, commercial, kitchen and dining, recreational areas, and laundry facilities, supporting long-term healthcare or housing uses. Located in Midtown Phoenix, the property benefits from excellent access to SR-51 and I-10 and it is surrounded by a robust network of medical and professional services.

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $8,584,908 CAD
Price Per Bed $78,045 CAD
Sale Type Investment
Cap Rate 8.61%
Property Type Health Care
Property Subtype
Assisted Living
  • Healthcare Congregate SeniorHousing
  • Healthcare Continuing Care Retirement Community
  • Healthcare Rehabilitation Centre
Building Class C
Lot Size 1.50 AC
Building Size 31,181 SF
No. Beds 110
No. Stories 1
Year Built/Renovated 1964/1984
Tenancy Single
Parking Ratio 0.93/1,000 SF
Zoning R-3, M-H Phoenix - R-3, M-H Phoenix

ROOM MIX INFORMATION

DESCRIPTION NO. BEDS
Transitional Housing 110
Walk Score®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 118-14-007
  • 118-14-008A
Land Assessment
$10,104 CAD
Improvements Assessment
$0 CAD
Total Assessment
$296,148 CAD
  • Listing ID: 36376654

  • Date on Market: 2023-06-06

  • Last Updated:

  • Address: 2932 N 14th St, Phoenix, AZ 85014

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