The Senior Housing Group at Bull Realty is pleased to offer this 100% Occupancy Memory Care Facility in Savannah. Plus, Hospice licensed across 23 Georgia Counties. Approximate combined Gross Revenue is $4,731,116 with a Net Operating Income (NOI) of $1,179,464 annualized from a March 2025 P&L. Opportunity to double Hospice Census. 10% CAP rate. Optional 2.78 acres available. Sale includes real estate and business. Call me at (404) 876-1640 X130.
HIGHLIGHTS
• 100% Occupancy Memory Care Facility with waiting list
o 36-unit licensed Assisted Living Community, all units with full bath
o Facility is ± 25,865 SF on ± 2.98 acres, plus ± 2, 100 SF owner’s apartment with full bath
o ± 2.78 optional acres available for expansion valued at over $700,000 per acre.
o Rent per bed is $5,200.00.
o 18 Hospice patients reside in the Memory Care Facility paying $5,200 per month, plus Hospice Care Services per diem (e.g., Medicare).
o Annualized Gross Revenue is $2,236,213.
• Pricing Analysis
o CoStar CAP Rate: 9.3%
o CoStar Sold Comp Average $/SF: $495.51
o Replacement Cost: between $15 million and $19 million, see attached
• The Hospice licensed across 23 Georgia Coastal Counties; “grandfathered” not to require an office in every county.
o Census is 50+ patients with opportunity to double. Census prior to COVID was 100+ patients.
o Annualized Gross Revenue is $2,494,902.
o According to the enclosed Georgia Hospice Market Analysis, the 23-County Market Area has a potential home care hospice patient volume of 3,954 representing a Medicare Reimbursement Total Revenue of $65,835,100 per year based on CMA Data (2021) with a 90-day ALOS, see Hospice Market Outlook.
• Approximate Combined Financials annualized from March 2025 P&L:
o Approximate Combined Gross Revenue: $4,731,116 annualized from March 2025
o Approximate Net Operating Income: $1,179,464.
• Before Tax 10-year Hold Returns (using an SBA 504 Loan with 25-year term, 85% LTC, and 6.266% interest):
o Projected Sales Price at 8% CAP: $21,386,000
o Sales Returns (after sale expenses): $13,875,787
o Cash on Cash Return: 50.53%
o Equity IRR: 34.5%
o DSCR: 1.33 (Year 1)
Disclaimer: While the information is deemed reliable, no warranty is expressed or implied. Any information important to you or another party should be independently confirmed within an applicable due diligence period.