784 Howard Ave - Health Care FOR SALE


Biloxi, MS 39530
$3,662,000 USD
918-402-6394
784 Howard Ave, Biloxi, MS for Sale
$3,662,000 USD
Health Care - FOR SALE
1/10
null | 7.25% Cap Rate

784 Howard Ave
Biloxi, MS 39530


HIGHLIGHTS

  • Credit Tenant Co-Anchors
  • Hospital Adjacent
  • Certificate of Need State for Dialysis
  • Annual Rental Escalations | 1.75 - 3.00%

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,662,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Singing River Health & Fresenius Medical Care

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

DT

APN/PARCEL ID

1410K-03-046.000

ASK ABOUT THIS PROPERTY

Colin CornellColliersMore Info
918-402-6394

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Colin CornellColliersMore Info
918-402-6394

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.