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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Land Area ()

Property Description

Located at the southwest corner of Tapo Canyon Road and Guardian Street in Simi Valley, Ventura County, CA, JLL is pleased to offer for purchase, part of or the entire fully-entitled seniors housing development.

The offering includes the entitlements, engineering and architectural work completed to date. The site size is 20.74 acres, current zoning is CPD and there are 357 permitted Units of Residential Care Facility for the elderly. Municipal utilities available to site.

The existing plan includes Phase 1, a 205 units of independent living, assisted living and memory care, and Phase 2 is an additional 152 units of independent living.

Investment Highlights

  • Highly affluent, growing market area with a median HH income of $99,564 and the median HH value of $674,660
  • Well located site with access and visibility from Tapo Canyon Rd, 1.1 mile south of Ronald Reagan Freeway
  • Pre-COVID, seniors housing occupancy in the PMA was a strong 91.3%, higher than the MSA and national averages.
  • Average rents were also high at $6,292 per month
  • Buyers flexibility to purchase one or multiple parcels
Last Updated Date: 25 Feb 2021
Charles Bissell
Charles Bissell
Managing Director, Capital Markets
Zane Sweet
Zane Sweet
Senior Director, Capital Markets
License details
CA-01786030

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Last Updated Date: 25 Feb 2021

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