Asking Price Contact for pricing
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

Year Built 1963
Building Area
Land Area ()
Number of units 93

Property Description

JLL Capital Markets is pleased to offer for sale the property formerly known as Colonial Nursing Center (“the Property”), located in the desirable South Shore community of Weymouth, Massachusetts. Prominently facing Broad Street, the former nursing home is marketed unlicensed and vacant, allowing investors an attractive conversion opportunity within the Boston MSA. Comprised of 93 Jack and Jill-style units with shared half baths, the 73,000-square foot building can be adapted to accommodate a myriad of healthcare uses.

Investment Highlights

The property includes a full complement of traditional healthcare common area amenities, including a commercial kitchen, dining room, activity areas, outdoor courtyard and walking paths, common space, as well as clinical and administrative offices. Additionally, the Property benefits from flexible R-4 zoning, conducive to a variety of attractive redevelopment options.

  • Location 15 miles south of downtown Boston, one mile south of Weymouth Landing, an historical, mixed-use community hub, and Weymouth Landing commuter rail station with direct access to Boston’s South Station
  • Affluent surrounding population with median household income within five miles of the Property ($82,238) surpassing the national median ($60,548) by more than 35%
  • High concentration of supporting medical uses with four hospitals and over 1,000 beds within five miles of the Property
Last Updated Date: 02 Nov 2020
Jason Skalko
Jason Skalko
Director, Capital Markets
Zachary Rigby
Zach Rigby
Director, Capital Markets

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Last Updated Date: 02 Nov 2020

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