For Sale
$2,462,571

124 One Madison PlzMadison, MS 39110

High-Cap Rate Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional Class A office condo, located at 124 One Madison Plaza in Madison, MS 39110, presents a compelling investment opportunity. The 16,732 square foot space, encompassing the entire second floor, boasts 15,280 square feet of net rentable area and is currently 100% occupied by three separate tenants, generating a substantial net operating income (NOI) of $203,162. Built in 2008, this multi-tenant property offers a stabilized investment with an attractive 8.25% cap rate and a price per square foot of $147.18. The asking price is $2,462,571. This acquisition includes a majority (53.45%) stake in the condo association. Strategically situated in the highly desirable Highland Colony Parkway area, the property benefits from its proximity to Madison Central High School and an abundance of dining and retail options. Convenient access to I-55 ensures easy commutes to Gluckstadt, Ridgeland, Jackson, and Rankin County. This is a rare opportunity to acquire a high-performing, well-located office property in a thriving Mississippi market. The property is classified as both Executive and Traditional Office space.

Highlights

  • Fully Leased
  • Prime Jackson Metro Office Location
  • Second Floor Ownership & Controlling Interest in Condo Association

Property Details for 124 One Madison Plz

Property type
Other office properties, Office properties
Square Feet
16,732 SF
Class
A
Year Built
2008
Stories
2

Location Insight

City
Madison
County
Madison
State
Mississippi
Latitude
32.4626882
Longitude
-90.1543575
124 One Madison Plz, Madison, Mississippi

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124 One Madison Plz
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