In a city and state with one of the fastest-growing senior populations in the country, a luxury assisted living facility is being offered for sale for $2 million.
Located at 11000 Tanque Verde Road on the east side of Tucson, the facility is made up of a single main home with two separate casitas and a total of ten bedrooms.
Built in 2007, the facility sits on an intricately landscaped 1-acre piece of desert property and is dedicated to the long-term care of residents suffering from Alzheimer’s disease.
Offered by Century 21 Toma Partners of Peoria, the facility measures just under 4,500 square feet and includes rear patio space, interior living rooms with fireplaces, and a spacious dining room and kitchen space.
The facility is part of a larger national market seeing an increase in senior living facilities as the giant Baby Boom generation enters retirement. According to the National Center for Seniors Housing Care, some 8% of this market segment is afflicted with cognitive issues, while a significantly large 60% has some type of mobility limitations.
According to the Census Bureau, Arizona, at 18%, has one of the country’s largest 65 years of age or older populations, some 2% higher than the national average. It is also places 15 among all the states for the number of its residents living with Alzheimer’s.
By Garry Boulard
