1475 Satellite Blvd, Suwanee, GA 30024
29,641 SF Health Care Building Offered at $5,800,000 in Suwanee, GA 30024
For Sale
Active
Asking Price $5,800,000
- Property Type
-
Health Care
- Square Feet
- 29,641 SF
Listing Contacts
- Property Info
Property Overview
BWE Investment Sales (BWEIS) is offering investors the opportunity to acquire Peachtree Villa at Suwanee, a 42-unit/47-bed memory care community in the rapidly growing Atlanta suburb of Suwanee. The building sits on 2.991 acres along Satellite Boulevard.
The surrounding market area has demographics that are very favorable for seniors housing. The 75+ population is forecast to grow by 7.17% annually between 2022 and 2027 – nearly double the national growth rate. Income levels are high, with an all-ages median of $88K, which is greater than both the MSA and national all-ages medians. Lastly, the area has a robust housing market, with a median housing value of $313K.
The seniors housing market experienced occupancy and profit margin declines because of the COVID-19 Pandemic but is now positioned to deliver out-sized returns to investors.
This asset is vacant and not currently operating – buyers may elect to re-open as seniors housing, and/or explore alternative uses for the building. The seller will consider providing financing to qualified bidders. The property suffered damages from the freeze earlier in 2023, and much of the sheetrock and flooring has been removed. The property is being sold on an “as is” basis.
The surrounding market area has demographics that are very favorable for seniors housing. The 75+ population is forecast to grow by 7.17% annually between 2022 and 2027 – nearly double the national growth rate. Income levels are high, with an all-ages median of $88K, which is greater than both the MSA and national all-ages medians. Lastly, the area has a robust housing market, with a median housing value of $313K.
The seniors housing market experienced occupancy and profit margin declines because of the COVID-19 Pandemic but is now positioned to deliver out-sized returns to investors.
This asset is vacant and not currently operating – buyers may elect to re-open as seniors housing, and/or explore alternative uses for the building. The seller will consider providing financing to qualified bidders. The property suffered damages from the freeze earlier in 2023, and much of the sheetrock and flooring has been removed. The property is being sold on an “as is” basis.
Property Details
- Year Built
- 2013
- Stories
- 1
- Lot Size (sq. ft)
- 118,048 SF
- Units
- 47
Highlights
- 42 Units/47 Beds - Can be used for Assisted Living, Memory Care, or Alternative Use
- Highly Visible 2.71 Acre Site
- Owner will consider providing financing for qualified buyer
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