INVESTMENT HIGHLIGHTS
ESTABLISHED BEHAVIORAL HEALTH LOCATION
The Property has been operated as a behavioral health facility since 2012, providing services to multiple surrounding communities, allowing for a different behavioral health services operator to commence operations quickly through already established relationships with surrounding hospitals and medical providers.
AVAILABLE OPERATIONS
The Property is currently leased to Recovery Innovations Inc. (RI International), which is open to facilitating the transfer of its operations at this site to a new operator. This provides an Owner/User the opportunity to commence its own operations at this site with very minimal downtime.
$1,000,000 EXPANSION THROUGH BHF GRANT
RI International received approximately $1,000,000 through a BHF Grant from the state of Washington which was invested into the Property to expand its capacity from 16 to 32 beds, providing an already built-out, class A facility for an Owner/User to immediately occupy.
HIGH-QUALITY 2012 CONSTRUCTION W/ ROOF WARRANTY
The property was a build-to-suit for Recovery Innovations in 2012 and features high-quality masonry finishes in both the exterior and interior of the building. In addition, the property features a 15-year roof warranty from its initial construction that runs through April 9, 2027.
IN PLACE CASH-FLOW
RI International’s current lease term expires November 30, 2029, providing an Owner/User with up to 5+ years of cash-flow from the property while they develop their business plan. Additionally, RI International will consider terminating the lease earlier, if desired by the new owner.
LOCATED NEARBY MULTIPLE HOSPITALS
The Property is located within a 15-minute drive of multiple hospitals in Tacoma, Puyallup, Federal Way, and Auburn, providing natural referral sources for the facility and the ability to serve multiple communities.
INCOME TAX-FREE STATE
Washington State is an Income Tax-Free State.
Listing Agents:
CLAYTON J. BROWN
