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11706 Mercy Blvd 8,025 SF 100% Leased Office Building Savannah, GA 31419 $2,250,000 ($280.37/SF) 6.67% Cap Rate
Investment Highlights
- On Campus Medical Office Building
Executive Summary
An 8,000 sf tenanted MOB directly opposite St Josephs Candler hospital in Savannah GA
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$180,160
|
$22.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,160
|
$22.45
|
| Taxes |
$13,188
|
$1.64
|
| Operating Expenses |
$18,344
|
$2.29
|
| Total Expenses |
$31,532
|
$3.93
|
| Net Operating Income |
$148,628
|
$18.52
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $180,160 |
| Annual Per SF | $22.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,160 |
| Annual Per SF | $22.45 |
| Taxes | |
|---|---|
| Annual | $13,188 |
| Annual Per SF | $1.64 |
| Operating Expenses | |
|---|---|
| Annual | $18,344 |
| Annual Per SF | $2.29 |
| Total Expenses | |
|---|---|
| Annual | $31,532 |
| Annual Per SF | $3.93 |
| Net Operating Income | |
|---|---|
| Annual | $148,628 |
| Annual Per SF | $18.52 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,025 SF
Building Class
B
Year Built/Renovated
1974/2000
Price
$2,250,000
Price Per SF
$280.37
Cap Rate
6.67%
NOI
$150,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,025 SF
Building FAR
0.43
Lot Size
0.43 AC
Zoning
I-P - Office or other use
Parking
28 Spaces (3.49 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gastroenterology Consultants of Savannah,
- Health Care and Social Assistance
- 4,606 SF
- $28.13
- Modified Gross
- Aug 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gastroenterology Consultants of Savannah, | Health Care and Social Assistance | 4,606 SF | $28.13 | Modified Gross | Aug 2027 |
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Property Taxes
| Parcel Number | 2075402034 | Total Assessment | $287,560 (2025) |
| Land Assessment | $133,280 (2025) | Annual Taxes | $13,188 ($1.64/SF) |
| Improvements Assessment | $154,280 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
2075402034
Land Assessment
$133,280 (2025)
Improvements Assessment
$154,280 (2025)
Total Assessment
$287,560 (2025)
Annual Taxes
$13,188 ($1.64/SF)
Tax Year
2023
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11706 Mercy Blvd
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