Available For Sale - Office

10,385 SF | Show Pricing $

LISTED BY

Tommy Payne
Payne Realty, 601-940-9503

AVAILABILITY DETAILS

Size
10,385 SF
Price/SF
Show Pricing $
Listing ID
SA528918
Notes
Located on the corner of I-55 North Frontage Road and Jamaica Drive, Payne Realty is offering for sale this investment office opportunity. This property consists of a +/- 9,020 square foot office building that consists of professional office space that is currently leased to a national tenant. The former owner/occupant has merged with a national firm who has signed a 4-year lease on the majority of the property. There is an additional small office tenant and also additional office space available for lease. Additionally, there is an additional building that is being leased to Pendleton Security, a long-term local credit tenant. There are 38 parking spaces between the two properties. This property is being offered for sale at $1,200,000 - which reflects an approximate cap rate of over 8% with opportunity to increase with filling the remaining office space. All numbers herein are from sources considered reliable, they are not guaranteed by the real estate brokerage or its agents.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Tommy Payne, Payne Realty