Log In/Sign Up
Your email has been sent.
Woodlake & Ocean Healthcare - Biloxi MS 152 Gateway Dr 23,856 SF 100% Leased Office Building Biloxi, MS 39531 $3,102,220 CAD ($130.04 CAD/SF) 9.35% Cap Rate
Investment Highlights
- Located within the Gulfport–Biloxi MSA, with a population of approximately 400,000, the property benefits from strong healthcare demand supported .
- Offered at $92.22 PSF, representing a substantial discount to the cost of developing a purpose-built behavioral health facility.
- The tenant reimburses its pro rata share of property taxes, insurance, utilities, and janitorial expenses.
- Oceans Behavioral Hospital is operated by Oceans Healthcare, a leading behavioral health platform with 48 facilities across nine states and backed.
- Oceans Behavioral Hospital has successfully operated from the property for more than 11 years, demonstrating the location's strategic importance.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 23,856 SF Woodlake & Ocean Healthcare located at 152 Gateway Drive in Biloxi, MS. This offering presents a compelling opportunity to acquire a purpose-built behavioral health facility at an attractive basis of $92.22 PSF, significantly below replacement cost. This substantial discount minimizes development risk while providing investors with immediate value and strong long-term investment potential.
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
23,856 SF
Building Class
B
Year Built/Renovated
1963/2019
Price
$3,102,220 CAD
Price Per SF
$130.04 CAD
Cap Rate
9.35%
NOI
$290,199 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,856 SF
Building FAR
0.22
Lot Size
2.53 AC
Parking
64 Spaces (2.68 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Oceans Behavioral Hospital of Biloxi
- Health Care and Social Assistance
- 8,240 SF
- $846.06 CAD
- Triple Net
- Sep 2029
- Woodlake Addiction Recovery of Mississippi
- Health Care and Social Assistance
- 15,616 SF
- $846.06 CAD
- Triple Net
- Jul 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Oceans Behavioral Hospital of Biloxi | Health Care and Social Assistance | 8,240 SF | $846.06 CAD | Triple Net | Sep 2029 | |
| Woodlake Addiction Recovery of Mississippi | Health Care and Social Assistance | 15,616 SF | $846.06 CAD | Triple Net | Jul 2028 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1110M-01-011.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $321,999 CAD |
Property Taxes
Parcel Number
1110M-01-011.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$321,999 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Woodlake & Ocean Healthcare - Biloxi MS | 152 Gateway Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.