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17748 Spring Mill Road
Westfield, IN 46074
Asking Price
Contact for price
Cap Rate
8%
Asset Type
Senior-living
Class
Class B
What's Special
Senior Living | 8.00% CAP | To-Be-Built, JV Opportunity <ul><li>120 Total Units - 80 Assisted Living, 40 Memory Care. (48 Independent Living Cottages will be in separate, second phase.)</li><li>Focusing on the Middle-Income Senior Population (60% of all Seniors)</li><li>Site Under Contract and Construction Set to Start in Q1 of 2026, 15 Month Construction Period</li><li>5 to 7-Year Hold Period with Flexible Takeout for Investors</li><li>Cap Rate 8%</li><li>Target LP IRR: 22.5% | 1.85x Equity Multiple</li><li>Opening Target: Mid-2027 (June 2027
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547