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784 Howard Avenue
Biloxi, MS 39530
Asking Price
$3.58M
Cap Rate
7.5%
Asset Type
Medical Office Office
Class
Class B
What's Special
7.50% CAP | Recent Lease Extension <ul><li>The property is anchored by Fresenius Medical Care (59.9% of RSF) with a lease that is backed by the corporate guaranty of Fresenius Medical Care, Inc. Headquartered in Germany, it operates more than 4,000 outpatient dialysis clinics globally, treating millions of patients each year. The remaining space is co-anchored by Singing River Health System (39.9% of RSF), which is owned by Jackson Country (BBB+). Singing River most recently reported annual net operating revenues of $419M.</li><
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NOI
$80,000
Cap Rate
2.23%
DSCR
0.38
Underwater
Cash-on-Cash
-12.34%
Monthly Payment
$17,711.887
Annual Cash Flow
$-132,542.64
