Asset Overview

Deal Points

  • Asset Alias Desert Oasis
  • GBA 24,499 SQFT
  • Care Type AL | MC
  • Year Built 1996
  • Lot Size 2.85 Acres
  • Building Class Class B
  • Occupancy 98%
  • Units 45

The Zett Group, as exclusive listing broker, is pleased to present Desert Oasis, a 45-unit Assisted Living and Memory Care community located in Southern New Mexico, listed at $6,500,000.

Originally built in 1996 and well maintained since its opening, the 24,500 square-foot building is in excellent condition, featuring modern interior finishes, large community spaces, and serene outdoor walking areas. Residents enjoy updated private suites, each with its own full bathroom. Future owners of Desert Oasis will be able to focus capital expenditures on improving operations rather than addressing deferred maintenance.

The operations of Desert Oasis are as stable as it comes. With occupancy above 90% for 11 of the past 12 months and a 100% private pay mix over the last 6 months, future owners can be confident in consistent performance and steady cash flow. With excellent visibility and limited competition within a 5-mile radius, Desert Oasis is well positioned to thrive in the years ahead.

With its attractive physical plant, strong operational performance, and a location in the second-most populated city in New Mexico, Desert Oasis represents an ideal opportunity for investors seeking to grow their portfolio with a stabilized, high-performing asset.

Investment Highlights

⦿ Excellent Opportunity to Capitalize on an Efficient Existing Operation

⦿ Consistent Net Operating Income: $463K in CY23, $527K in T3A

⦿ Strong Top-Line Revenue: $2.67M in T12 and $2.64M in CY24, Supported by Robust Base and Care Rates

⦿ Stable Occupancy: Dipped below 90% only once in the past 18 months

⦿ High-Quality Payer Mix: Maintained 98%+ Private Pay Mix over the same period
⦿ Well-Maintained Facility Providing a Contemporary and Attractive Home for Residents

⦿ Opportunity for Investors to Focus Capital on Operational Improvements Rather Than Near-Term Physical Plant Repairs

⦿ Desert Oasis's Market Has Approximately 7,700 Seniors Aged 75+, but Only 347 Licensed Beds Available

⦿ Desert Oasis Is Well Positioned to Maintain Strong Occupancy Given This Supply-Demand Imbalance

Demographics

Population
10-Mile
MSA
Population 2024
40,144
114,891
55+ Population
7,696
30,892
65+ Population
4,568
19,715
75+ Population
2,118
8,591
85+ Population
804
1,850
5-Year Population Growth
5.7%
11.6%
5-Year 65+ Population Growth
-0.1%
11.3%
5-Year 75+ Population Growth Rate
6.1%
22.3%
5-Year 85+ Population Growth Rate
56.1%
2.7%
Median HH Income
$66,300
$55,012
Median Income 65+
$57,776
$45,060
$50K Income Qualified 65+
1,618
5,696
Median Home Value 2024
$253,000
$246,200
5-Year Median Home Value Growth
25.2%
62.5%

The Zett Group

Cierra Brandt

Cierra Brandt

Business Development and Operations
The Zett Group
Blake Bozett

Blake Bozett

Spud Batt

Spud Batt