308 Airport RdPearl, MS 39208
For Sale
$2,350,000
Single-tenant, US Gov't lease, high cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 96
Highlights
- 20,094 SF single-tenant office building in Pearl, MS, fully occupied by the USGS under a 15-year lease (12.6 years remaining).
- 7.72% capitalization rate (8.02% pro-forma in years 6-13), with a current NOI of $181,387 and a pro-forma NOI of $188,516.
- Recently renovated (2024) with $180,000 in improvements including updated bathrooms, lighting, interior paint, and parking lot resurfacing.
- Located on a 2.26-acre lot, zoned commercial, and offered at $2,350,000 ($116.95/SF).
Property Details for 308 Airport Rd
- Property type
- Other office properties, Office space
- Square Feet
- 20,094 SF
- Class
- B
- Year Built/Renovated
- 1995/2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 98,446 SF
- Units
- 1
Location Insight
- City
- Pearl
- County
- Rankin
- State
- Mississippi
- Latitude
- 32.2802842
- Longitude
- -90.07361949
308 Airport Rd, Pearl, Mississippi
Nearby Similar for Sale
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