8510 Whitefield Ave - Assisted Livings FOR SALE


Savannah, GA 31406
$12,500,000 USD
404-876-1640
8510 Whitefield Ave, Savannah, GA for Sale
$12,500,000 USD
Assisted Livings - FOR SALE
1/17
null | 8% Cap Rate

8510 Whitefield Ave
Savannah, GA 31406


HIGHLIGHTS

  • 100% Memory Care occupancy with waiting list, 36-unit licensed Assisted Living Community
  • 25,865 SF Memory Care Facility on ± 2.98 acres, ± 2,100 SF owner’s apartment with full bath
  • ± 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
  • Gross Revenue: $2,168,651.29, Net Operating Income: Over $1 million

OVERVIEW

The Senior Housing Group at Bull Realty is pleased to offer this 100% occupied, ± 25,865 SF licensed assisted living community, with waiting list, in Savannah, GA. Comprised of 36 units, the property is equipped with private bathrooms in each unit, a large visitor welcome area, dining hall, beauty salon, commercial grade kitchen, dining hall and multiple indoor and outdoor shared living spaces. Offering includes Real Estate, Spanish Oaks Retreat Memory Care business, and optional additional vacant lots totaling ± 2.78 acres. The facility is a licensed as an Assisted Living Community. Savannah, a coastal Georgia city, is separated from South Carolina by the Savannah River. It is known for manicured parks, horse-drawn carriages and antebellum architecture and abundant dining and entertainment options.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$483 USD /SF

CAP RATE

8%

% 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
404-876-1640

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Ernie Anaya, MBABull Realty Inc.More Info
404-876-1640

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