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Property Detail

North Council Road
Don’t miss the valuable opportunity to acquire a renovated independent- and assisted-living facility
$800,000

Description

  • Don’t miss the valuable opportunity to acquire a renovated independent- and assisted-living facility in Oklahoma City.
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  • Sand Sage of West Plains allows a new owner to capitalize on in-place operations while implementing innovative programs to increase revenue.
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  • Population that is age- and income-qualified (75+ with an annual income of $50,000+) in the OKC MSA is expected to increase 16% by 2029.
  • Conveniently located just 15 minutes to INTEGRIS Health Canadian Valley Hospital and OU Health University of Oklahoma Medical Center.
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  • Future upside exists through continued occupancy growth, expense control, rental rate increases, and leveraging the Oklahoma Advantage Program.
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  • Sand Sage of the Highlands is also available for sale on Ten-X, providing an investor the opportunity to purchase two quality assisted living assets.

Executive Summary

Sand Sage of West Plains provides a true value-add opportunity to purchase a well-maintained, operational facility focusing on independent and assisted living in a sprawling, secure campus setting. Located at 701 N Council Road in Oklahoma City, Oklahoma, the property features six independent living units and 69 assisted living units. Sand Sage of West Plains provides an array of amenities, services, and tailored programs to accommodate individual lifestyles, making it a stand-out location for residents. Adjacent to the existing community, there is vacant, developable land which is also zoned R-4. With a total site size of 14.51 acres at West Plains, there is potential to add more independent living cottages, memory care units, or a skilled nursing facility to create a full continuum of care campus.

Positioned in the state capitol, Sand Sage of West Plains captures the attention of residents desiring a location within the city limits. Oklahoma City is approximately 100 miles southwest of Tulsa and 200 miles north of Dallas, Texas. Interstates 35, 40, 44, 235, and 240 are the major expressways that provide access to the city. Lying in the Great Plains region, Oklahoma City has one of the world's largest livestock markets. Oil, natural gas, petroleum products, and related industries are its economy's largest sectors. Oklahoma City embraces the Native American and Western culture and continues to be a center of innovation and entrepreneurship. The city is home to First American cultures and contemporary art, neighborhoods, and districts with unique personalities, thriving local restaurants and craft breweries, national sports and family entertainment, outdoor adventures on the Oklahoma River, and a flourishing live music scene.

Oklahoma City highlights a compelling demographic profile within a 5-mile radius of Sand Sage of West Plains. There are approximately 156,000 residents earning an average household income of $70,000. Around 14% of the population is above the age of 65, and that percentage is projected to increase over the next five years. This positions Sand Sage of West Plains well for future demand. Oklahoma City has remained increasingly popular for residents of all ages, proven by its 17% population growth rate over the past decade, more than double the national average.

Property tours are available by appointment only. Please contact the listing broker to schedule.

Sand Sage of West Plains Assisted Living

Listing ID : 00653

SKU: 653

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Price History

DateEventPrice
December 5 2024Listed$800,000.00