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152 Gateway Dr
Biloxi, MS 39531
Woodlake & Ocean Healthcare - Biloxi MS · Office Property For Sale
Investment Highlights
- Located within the Gulfport–Biloxi MSA, with a population of approximately 400,000, the property benefits from strong healthcare demand supported .
- Offered at $92.22 PSF, representing a substantial discount to the cost of developing a purpose-built behavioral health facility.
- The tenant reimburses its pro rata share of property taxes, insurance, utilities, and janitorial expenses.
- Oceans Behavioral Hospital is operated by Oceans Healthcare, a leading behavioral health platform with 48 facilities across nine states and backed.
- Oceans Behavioral Hospital has successfully operated from the property for more than 11 years, demonstrating the location's strategic importance.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 23,856 SF Woodlake & Ocean Healthcare located at 152 Gateway Drive in Biloxi, MS. This offering presents a compelling opportunity to acquire a purpose-built behavioral health facility at an attractive basis of $92.22 PSF, significantly below replacement cost. This substantial discount minimizes development risk while providing investors with immediate value and strong long-term investment potential.
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
In Cooperation With Sands Investment Group Mississippi, LLC - Lic. #22675 BoR: Andrew Ackerman - Lic. MS #22616
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
23,856 SF
Building Class
B
Year Built/Renovated
1963/2019
Price
$2,200,000
Price Per SF
$92.22
Cap Rate
9.35%
NOI
$205,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,856 SF
Building FAR
0.22
Lot Size
2.53 AC
Parking
64 Spaces (2.68 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1110M-01-011.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $228,652 |
Property Taxes
Parcel Number
1110M-01-011.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$228,652
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