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784 Howard Ave - Singing River Health & Fresenius Medical Care 11,438 SF Health Care Building Offered at $5,012,503 CAD at a 6.50% Cap Rate in Biloxi, MS 39530
Investment Highlights
- Credit Tenant Co-Anchors
- Certificate of Need State for Dialysis
- Hospital Adjacent
- Annual Rental Escalations | 1.75 - 3.00%
Executive Summary
Collier's Net Lease Capital Markets is pleased to offer this two-tenant fully occupied medical office building in Biloxi, Mississippi. The property is anchored by Fresenius (60% of RSF) with a lease that is backed by the corporate guaranty of Fresenius Medical Care, Inc. The remaining space is co-anchored by Singing River Health System (40% of RSF), which is owned by Jackson County (BBB+). Singing River most recently reported annual net operating revenues of $419M, and operates the subject location as a primary care and walk in clinic, with additional onsite lab services.
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Property Facts
| Price | $5,012,503 CAD | Lot Size | 0.21 AC |
| Price Per Bed | $227,841 CAD | Building Size | 11,438 SF |
| Sale Type | Investment | No. Beds | 22 |
| Cap Rate | 6.50% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1900 |
| Property Type | Health Care | Parking Ratio | 3.41/1,000 SF |
| Property Subtype | Skilled Nursing Facility | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | DT - DOWNTOWN | ||
| Price | $5,012,503 CAD |
| Price Per Bed | $227,841 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Condition | 1031 Exchange |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 11,438 SF |
| No. Beds | 22 |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 3.41/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | DT - DOWNTOWN |
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $188,223 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$188,223 CAD
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784 Howard Ave - Singing River Health & Fresenius Medical Care
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