8510 Whitefield Ave - Assisted Livings FOR SALE


Savannah, GA 31406- Outer Southside
$11,800,000 USD
678-283-0136
8510 Whitefield Ave, Savannah, GA for Sale
$11,800,000 USD
Assisted Livings - FOR SALE
1/17
null | 10% Cap Rate

8510 Whitefield Ave
Savannah, GA 31406
Outer Southside


HIGHLIGHTS

  • 100% Memory Care occupancy with waiting list, 36-unit licensed Assisted Living Community
  • Sale includes Hospice Business licensed across 23 Georgia Coastal Counties. Grandfathered not requiring an office in every county.
  • ± 25,865 SF Memory Care Facility on ± 2.98 acres plus ± 2, 100 SF apartment with full bath
  • ± 2.78 optional acres available for expansion
  • $1,123,883 average Net Worth ages 75+ within 5 mile radius
  • Combines Gross Revenue: $4,731,116 and Net Operating Income: $1,179,464

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,800,000 USD

PRICE/SF

$456 USD /SF

CAP RATE

10%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Senior Housing Opportunity in Savannah, GA |

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.98 AC

LAND SF

129,809 SF

ZONING

PR2

APN/PARCEL ID

1049603001

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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Ernie Anaya, MBABull Realty Inc.More Info
678-283-0136

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