48K SF Former FedEx Ground | 7 Acres | 2012 Built | 16K VPD

Highlights:

• 48,000 SF Class A, Industrial/Flex Facility (Former FedEx Ground) on 7.11 Acres Available Below Replacement Cost
• ±16K VPD Traffic Count Frontage on Evelyn Gandy Pkwy (Hwy-42), offering Easy Access to I-59 (±3-Min)
• Built in 2012; Fully Fenced/Secured Site Features 8 Dock High Doors and 16 Grade Level Doors
• Demand Drivers Nearby: The University of Southern Mississippi, Lake Terrace Convention Center, Hattiesburg Zoo, Merit Health Wesley, Forrest General Hospital
• Dense Demographics with ±59,755 People and Annual Household Income of ±$65,745 within a 5-Mile Radius
• No Zoning Restrictions | Federal Opportunity Zone

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2434/reit-sale-48k-sf-former-fedex-ground-7-acres-2012-built-16k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=industrial_2434

Marcus & Millichap and RI Marketplace are pleased to present a vacant, ±48,000 SF industrial facility positioned on ±7.11-acres at 1744 Evelyn Gandy Parkway in Hattiesburg, MS (the “Property”). Formerly occupied by FedEx Ground, this Property is offered significantly below replacement cost, presenting an exceptional opportunity for owner-users or investors to acquire a well-positioned industrial asset with substantial upside potential.

Built in 2012, the one-story, free-standing industrial/flex facility includes ±3,000 SF of office space and features 18’ clear height, 8 dock-high doors, and 16 grade-level doors. The fully fenced and secured site provides 110 surface parking spaces and is strategically located along Evelyn Gandy Parkway/State Highway 42, ensuring convenient accessibility with one ingress/egress point. The unzoned status allows for a variety of industrial and commercial uses, making this an adaptable investment for distribution, logistics, and manufacturing tenants. This former FedEx Ground facility provides an outstanding opportunity for investors to capitalize on strong market fundamentals, with potential for value-add through long-term lease-up at market rates (CoStar estimates industrial rents at ±$6-7/SF).

Located in Hattiesburg, MS, within a Federal Opportunity Zone in Forrest County, the Property benefits from strong economic and demographic drivers that support industrial and logistics demand. Positioned along Evelyn Gandy Parkway, a major arterial corridor, the Property enjoys high visibility (±16,094 VPD) and direct access to I-59 (±2.5-mi away), ensuring seamless connectivity to Jackson, MS (±90-mi north), New Orleans, LA (±115 miles south), and Mobile, AL (±70-mi southeast). This prime location positions the Property as a strategic hub for regional and interstate distribution, with easy access to US-49 and I-59, facilitating logistics and supply chain operations. The surrounding trade area is home to established industrial operators, logistics hubs, and manufacturing facilities, reinforcing Hattiesburg’s role as a key economic center. The Property is also within 10-15 minutes of major economic, healthcare, and educational demand drivers, including The University of Southern Mississippi (±10 minutes | 13,000+ students), Lake Terrace Convention Center (±10-min), Hattiesburg Zoo (±12-min), Merit Health Wesley (±10-min | 211-bed hospital), and Forrest General Hospital (±12-min | 547-bed regional hospital). The 5-mile trade area is home to over 59,750 residents, with an average household income of ±$69,750, while the expanded 10-mile trade area includes over 103,000 residents and more than 6,000 businesses, further enhancing the area’s industrial and commercial potential.

William Head
c/o Fisher Auction Company Inc.
License: 892
Broker #: 19794

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