Details

Assisted Living Facility located in a community located on the southwest side of Saginaw, MI. The 55,000 sq. building was originally was originally constructed in 1955 as a high school. It was converted to nursing home in 1979. In 2016, the new owner purchased the facility for its beds. In 2017, the nursing home beds were moved to a nearby facility and the listed facility started operating as an assisted living community.
The facility contains 54 units and is licensed for 108 beds. Most units contain a private bathroom with sink and toilet, some also contain a tub/shower. The facility is currently empty due to an temporary emergency evacuation due to boiler outage. The current owners are looking to exit the industry. The license is for sale with the business.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.