Listing Agency: Matthews

Listed By: Ryan Burke · License #412701

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 1:10PM

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Investment Insights

Based on property information with market context.

This medical office property is occupied by Memorial Health, a health system with over 100 locations. The tenant is identified with Moody’s Baa2 credit, providing a defined institutional operating profile for the asset.

Located at 8970 Lorraine Rd in Gulfport, Mississippi, the property is offered for sale with an 8.00% CAP.

Key Highlights

• Memorial Health is the health system tenant
• Tenant operates over 100 locations
• Moody’s Baa2 credit

Property Analytics

Property Profile

Current Use

DelRicht Research of Clinical ... Medical Clinic Jennifer Hunter Physician Sean Kerby, MD Pediatrician Memorial Physician Clinics ... Pediatrician Abha Mishra, MD Physician

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Building Supply Auto Parts Store Restaurant Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 39503, MS

53,643

Population

22,533

Households

2.4

Avg Household Size

37

Median Age

24%

College-Educated

92%

High-School Grad

114.3 sq mi

ZIP Area

469

Density / Sq Mi

$61,298

Median Household Income

$36,241

Median Earnings

$1,087

Median Rent

$193,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Occupied by Memorial Health, which operates over 100 locations and carries Moody’s Baa2 credit.

Where is this medical office space located?

The property is located at 8970 Lorraine Rd Gulfport, MS.

What are key features of this property?

This property features: Memorial Health is the health system tenant; Tenant operates over 100 locations; Moody’s Baa2 credit