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Hot Property: Rehab facility offers room for growth

The 54-unit, 64,224 square foot NeuLife Rehabilitation facility in Mount Dora, Fla., includes 20 acres of land that could be subdivided and developed.
Photo courtesy of BGLRP Healthcare Group

Florida asset is leased by a growing provider and has land for future expansion

Name: NeuLife Rehabilitation
Address: 2725 Robie Ave.
City, State: Mount Dora, Fla.
Seller: NeuLife Neurological Services LLC
Year opened: 2013
Size: 54 suites, 64,224 square feet
Lot size: 43 acres
Brokerage: Brown Gibbons Lang & Co.
Brokers: Christopher Stai, Clinton Parker

Acquiring properties in the post-acute rehabilitation sector isn’t all that easy, as the market is fragmented and there rarely seems to be an abundance of high-quality properties available.

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