SVN | COMMERCIAL ADVISORY GROUP | 1626 RINGLING BOULEVARD, SUITE 500, SARASOTA, FL 34236 SALE BROCHURE

CONFIDENTIALASSISTEDLIVING FACILITYFOR SALE2575 PELICAN DRIVESARASOTA, FL 34237THIS IS NOT THE ACTUAL ADDRESS!

Scott RimmerAdvisor941.343.4511scott.rimmer@svn.com

Brad LindbergSenior Advisor941.356.0338brad.lindberg@svn.com

OFFERING SUMMARY

Sale Price: $4,750,000

Number Of Units: 37

Year Built: 1985

Building Size: 18,500 SF

Renovated: 1992

Zoning: RMF2 - Residential

Multi-Family

Market:

Price / SF: $256.76

PROPERTY OVERVIEWConfidential Assisted Living Facility for Sale

PROPERTY HIGHLIGHTS

• Long Established ALF in the Sarasota/Manatee County Area. ActualAddress can not be given until the attached NDA is signed.

• $4,750,000 for business and property.

• 2016 Revenue approximately $1.6 Million with Owner Benefit of $595,000.

• Licensed for 67 Beds, running at 50-51, which is management/ownerpreference for workload management, this could be changed upward.

• 37 bedrooms

• 21,000 SF Building

• on 2.5+/- acres with an option to buy +/-5 vacant acres adjacent toproperty which is zoned for up to 270 beds total.

• Facility has a good reputation, they are able to keep at the 50 level withoutdifficulty. They do not need to pay agencies (such as Place for Mom) tosource residents. Facility focuses on Memory Care.

• 24 Employees

• Owner functions as Manager.

• In a very high growth area of Sarasota/Manatee County, right off I75.

Property Summary

CONFIDENTIAL ASSISTED LIVING FACILITY FOR SALE | 2575 PELICAN DRIVE, SARASOTA, FL 34237 SVN | Commercial Advisory Group | Page 2

 

 

Confidentiality and Non-Disclosure Agreement   

_________________________________________________________________________________________________

_____________________________________________________________________________________ ("Prospect")

and __________________________________________________________________________ ("Prospect’s Broker”)

and _____________________________________________________________________________ (“Listing Broker”)

agree to the following terms regarding the real property or business opportunity (collectively “Property”) described as:

________________________________________________________________________________________________.

1. Confidentiality. Prospect and Prospect’s Broker acknowledge that all information and materials provided by Listing Broker regarding the above-referenced Property is confidential and may not be used for any purpose other than evaluation. Prospect’s and Prospect’s Broker’s dissemination of any information and materials provided by Listing Broker will be limited to attorneys, accountants, banking representatives, and business advisors directly involved with the above-referenced Property. In the event the transaction is not successful, Prospect and Prospect’s Broker will immediately return to Listing Broker any information and materials provided by Listing Broker. 2. Non-Disclosure. Listing Broker, Prospect, and Prospect’s Broker agree not to disclose to any other person the fact that any discussions or negotiations are taking place with regard to the Property, the actual or potential terms, conditions, or facts involved in any such discussions or negotiations. 3. Non-Circumvention. Prospect and Prospect’s Broker agree not to contact the Property owner, landlord, tenants, employees, or customers except through Listing Broker. Prospect and Prospect’s Broker further agree not to circumvent or interfere with Listing Broker’s contract with owner/landlord in any way. 4. Verification of Data. No representation is made by Listing Broker as to the accuracy of the information and materials provided. Prospect and Prospect’s Broker agree to thoroughly review and independently verify the information and materials provided. Listing Broker advises Prospect and Prospect’s Broker to consult appropriate professionals for legal, tax, environmental, and other specialized advice concerning matters affecting the Property and the transaction contemplated. 5. Disputes. This agreement will be construed in accordance with the laws of the State of Florida. The Listing Broker will be entitled to all remedies provided by law, including but not limited to injunctive relief and damages. In any litigation arising out of this agreement, the prevailing party will be entitled to recover from the non-prevailing party reasonable attorney’s fees, costs, and expenses. 6. Term. This agreement will terminate ________________________ (if blank, then 1 year) after the conclusion of any discussions or negotiations regarding the above-referenced Property. ____________________________________________________ Prospect Date ____________________________________________________ Prospect’s Broker and Title or Authorized Agent and Title Date ____________________________________________________ Listing Broker and Title or Authorized Agent and Title Date CNA-1 © 2012 Florida Realtors® All Rights Reserved

If Applicable:___________________________________________SVN Commercial Advisory Service, 1626 Ringling, Suite 500, Sarasota, FL 34236

Confidential Assisted Living Facility, Sarasota County, FL

If Applicable

Scott D. Rimmer, SVN Commercial Advisory Services

This software is licensed to [Scott Rimmer - SVN COMMERCIAL ADVISORY GROUP] www.transactiondesk.com.

August 1, 2017

FAX executed agreement to 941-387-2160, Attention: Scott Rimmer OR Brad Lindberg

Alternative to FAX: Scan and email to scott.rimmer@svn.com, cc: brad.lindberg@svn.com

February 26, 2018