4607 California Pkwy, Forest Hill, TX 76119
27,832 SF Health Care Building Offered For Sale in Forest Hill, TX 76119
For Sale
Active
- Property Type
-
Health Care
- Square Feet
- 27,832 SF
Listing Contacts
Stephen Madura
Michael Kneifel
Adam Zimmerman, MAI
Property Overview
Hilco Real Estate announces April 30 as the qualified bid deadline of this turnkey, 61 unit assisted living facilities. On-site inspections will be held on April 4 & 11 by appointment only.
Vincent Victory Village is a well-located turnkey assisted living facility in the south suburbs of Fort Worth, providing easy access to downtown and the surrounding communities via I-20/I-820. This well-maintained building features two interior courtyards, administrative offices, welcome lobby and reception desk, commercial kitchen, dining room and a laundry room with washers and dryers. With a current occupancy rate of over 90%, this property offers investors the opportunity for significant long-term growth in a thriving market. Adding to its appeal, the site is zoned to allow multifamily development enhancing its investment option.
Set in Fort Worth, Texas, this property benefits from the city’s status as the nation’s thirteenth largest city and its rapid growth between 2010 and 2020. Situated in the larger Tarrant County, this region has drawn in major regional and national employers including Fortune 500 companies like AMR Corporation - American Airlines (24,700), Bank of America (20,000), Texas Health Resources Inc. (19,230), Baylor Scott & White All Saints Medical Center — Fort Worth (17,097), AT&T (15,800), Lockheed Martin Aeronautics Co. (14,126) and JPMorgan Chase & Co. (13,500). With these employment opportunities, it has driven the city’s population to nearly one million, with an anticipated annual growth rate of 1.2% until 2027.
The senior housing market is primed for significant growth over the next decade, driven by the aging “baby boomer” generation born between 1946 and 1964. With the population of Americans aged 75 and older increasing from 18.5 million in 2010 to 24.4 million in 2023 - a 31.4% growth rate or 2.1% annually - and a similar trend observed in the 85 and older demographic, rising from 5.5 million to 6.9 million during the same period, at a growth rate of 24.4%, the impact of this demographic shift, aptly dubbed “The Silver Tsunami,” is undeniable. This wave of aging Americans is set to drive demand for assisted living across the United States, with Sun Belt markets experiencing the most growth. In the aftermath of the COVID-19 pandemic, construction of new senior housing facilities declined significantly, causing demand to far exceed supply. These factors, together with the turnkey delivery of this asset, combine to create a compelling offering for an opportunistic owner, operator or investor.
Hilco Real Estate, LLC in cooperation with Broker Paul A. Lynn & Assoc., LLC TREC #9000489, Paul A. Lynn, TX Broker, Lic. #0244902.
Vincent Victory Village is a well-located turnkey assisted living facility in the south suburbs of Fort Worth, providing easy access to downtown and the surrounding communities via I-20/I-820. This well-maintained building features two interior courtyards, administrative offices, welcome lobby and reception desk, commercial kitchen, dining room and a laundry room with washers and dryers. With a current occupancy rate of over 90%, this property offers investors the opportunity for significant long-term growth in a thriving market. Adding to its appeal, the site is zoned to allow multifamily development enhancing its investment option.
Set in Fort Worth, Texas, this property benefits from the city’s status as the nation’s thirteenth largest city and its rapid growth between 2010 and 2020. Situated in the larger Tarrant County, this region has drawn in major regional and national employers including Fortune 500 companies like AMR Corporation - American Airlines (24,700), Bank of America (20,000), Texas Health Resources Inc. (19,230), Baylor Scott & White All Saints Medical Center — Fort Worth (17,097), AT&T (15,800), Lockheed Martin Aeronautics Co. (14,126) and JPMorgan Chase & Co. (13,500). With these employment opportunities, it has driven the city’s population to nearly one million, with an anticipated annual growth rate of 1.2% until 2027.
The senior housing market is primed for significant growth over the next decade, driven by the aging “baby boomer” generation born between 1946 and 1964. With the population of Americans aged 75 and older increasing from 18.5 million in 2010 to 24.4 million in 2023 - a 31.4% growth rate or 2.1% annually - and a similar trend observed in the 85 and older demographic, rising from 5.5 million to 6.9 million during the same period, at a growth rate of 24.4%, the impact of this demographic shift, aptly dubbed “The Silver Tsunami,” is undeniable. This wave of aging Americans is set to drive demand for assisted living across the United States, with Sun Belt markets experiencing the most growth. In the aftermath of the COVID-19 pandemic, construction of new senior housing facilities declined significantly, causing demand to far exceed supply. These factors, together with the turnkey delivery of this asset, combine to create a compelling offering for an opportunistic owner, operator or investor.
Hilco Real Estate, LLC in cooperation with Broker Paul A. Lynn & Assoc., LLC TREC #9000489, Paul A. Lynn, TX Broker, Lic. #0244902.
Property Details
- Class
- C
- Year Built/Renovated
- 1971/2015
- Stories
- 1
- Property Subtype
- Assisted Living
- Lot Size (sq. ft)
- 87,120 SF
- Units
- 80
Highlights
- Fully staffed facility with 90% occupancy
- 15 semi-private rooms & 65 private rooms
- Prime I-20/I-820 location
- Less than 10 miles southeast of downtown Ft. Worth
- Amenities include: fully gated perimeter, two interior courtyards, administrative offices, commercial kitchen, dining & activity areas
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