Memory Care Facility Opportunity in Savannah, GA | 36-Units

Investment Overview

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. 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. Do not disturb tenants or management. Do not visit the site without an appointment through Bull Realty.

Investment Highlights

• HIGHLIGHTS
• 100% Occupancy Memory Care Facility in Savannah. Plus, Hospice licensed across 23 Georgia Coastal 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. Offered at a 10% CAP rate. Sale includes real estate and business.
• HIGHLIGHTS
• 100% Occupancy Memory Care Facility with waiting list
• o 36-unit licensed Assisted Living Community, all units with full bathroom.
• o ± 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 $5,300.00.
• o 18 Hospice patients reside in the Memory Care Facility paying $5,300 per month, plus Hospice Care Services per diem (e.g., Medicare).
• o Annualized Gross Revenue is $2,236,213.
• Memory Care Pricing Analysis
• o CoStar Assisted Living CAP Rate: 9.3%
• o CoStar Sold Comp Average $/SF: $495.51
• o Replacement Cost: between $15 million and $19 million, see Replacement Cost Analysis in the Enclosed Investment Analysis
• The Hospice licensed across 23 Georgia Coastal Counties; “grandfathered” not required an office in every county. Main office in Savannah and Satellite Office in Claxton, GA
• o Census is 50+ patients with opportunity to double. Census prior to COVID was 100+ patients. Opportunity to Grow census in Tri-County area: Chatham, Bryan, Effingham
• o Annualized Gross Revenue is $2,494,902. Tri-County area represents opportunity to grow revenue 158.3% to $6.2 million
• Combined Current Financials annualized from the March 2025 P&L:
• o Approximate Combined Gross Revenue: $4,731,116 annualized from March 2025
• o Approximate Net Operating Income: $1,179,464.
• Investment Analysis using SBA 504 Loan: 25-year term, 80% LTC, and 6.037% interest Before Tax 5-year Hold Returns:
• o Projected Sales Price at 8% CAP: $22,688,000
• o Sales Returns (after sale expenses): $13,593,892
• o Cash on Cash Return: 11.26%
• o Equity IRR: 60.23%
• o Gross Rent Multiplier: 2.33
• o DSCR: 1.30 (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.