Michalene s Assisted Living

Transcription

1 Land Offering Information Memorandum For Sale 20-Bed Community-Based Residential Facility Michalene s Assisted Living PRESENTED BY: Joe Eldredge MOB joe.eldredge@colliers.com

2 Investment Description Colliers International Wisconsin is pleased to present the opportunity to acquire Michalene s Assisted Living Community. Michalene s is a 20-bed community-based residential facility located in Ripon, Wisconsin. The CBRF contains one bedroom rooms with private bathrooms in each room. In operation since 1995, Michalene s provides a peaceful country-like setting and inviting atmosphere for seniors who need assistance with an emphasis on those with memory loss. The 2.13 acre property abuts tranquil Silver Creek and provides for future expansion opportunities. In addition to the creek, residents of Michalene s enjoy access to outdoor living space and patio, onsite spa services, meaningful daily activities, laundry and housekeeping services, access to transportation, RN oversight and services and more. Michalene s also boasts a wander prevention system and specialized Alzheimer s care. COLLIERS INTERNATIONAL P. 2

3 Investment Highlights > Established operator in business since 1995 > Large 2.13 acre lot providing room for future expansion > Newly renovated kitchen with high-end finishes > Ideally suited for conversion to memory care > Downtown Ripon entering expansion phase Eau Claire Michalene s Asst. Living Green Bay Wisconsin Dells Madison Milwaukee COLLIERS INTERNATIONAL P. 3

4 Physical Description > PROPERTY ADDRESS 530 N Union St Ripon, WI > TOTAL BUILDING AREA Estimated 8,500 SF > YEAR BUILT Approximately 1995 > LAND AREA 2.13 Acres AMENITIES Michalene s features numerous amenities such as: > Private bedrooms and private bathrooms > Outdoor living space and patio with fenced-in courtyard > Laundry and housekeeping services > On-site spa services > Wander preventing systems > Access to transportation > 24/7 staff > RN oversight and services > NO. OF FLOORS One (1) Floor > BEDS 20 Beds > PARKING Surface Lot > ZONING R3 Multifamily Residence > PARCEL NUMBER RIP COLLIERS INTERNATIONAL P. 4

5 Property Aerial COLLIERS INTERNATIONAL P. 5

6 Area Map Michalene s Asst. Living COLLIERS INTERNATIONAL P. 6

7 Offering Procedures SALE PRICE TERMS TOURS $995,000 (including goodwill and FF&E) The property is being sold on an as is, where-is basis, without structural, economic or environmental representations or warranties. All Property tours must be coordinated by Colliers International. Please call the contact below to arrange a tour. TRANSACTION COSTS Real estate taxes and other closing costs will be prorated in accordance with customary practice for real estate transfers in Fond du Lac County. Seller will be responsible for paying the State of Wisconsin transfer taxes ($3.00 per $1,000 in value). DEBT The property is being offered free and clear of any mortgage financing. CONTACT INFORMATION The sale of Michalene s Assisted Living Community in Ripon, Wisconsin is being exclusively handled by Colliers International. We invite your inquiries and we encourage you to consider this investment opportunity. Joe Eldredge Vice President Wisconsin mob Joe.eldredge@colliers.com Colliers International Wisconsin 1243 North 10th Street, Suite 300 Milwaukee, Wisconsin main fax COLLIERS INTERNATIONAL P. 7

8 Confidentiality CONFIDENTIALITY & DISCLAIMER STATEMENT This Offering Memorandum contains select information pertaining to the business and affairs of the Property known as Michalene s Assisted Living in Ripon, WI. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained by the Property sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum, you agree: 1) The Offering Memorandum and its contents are confidential; 2) You will hold it and treat it in the strictest of confidence; 3) You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller; and 4) By accepting this material, you are not entering into a co-broker relationship with Colliers or Seller. Neither Colliers nor Seller has any obligation to pay a commission to outside brokers unless agreed to via a separate agreement Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of Michalene s Assisted Living in Ripon, WI or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.