Industrial Facility | 100% Leased to Fortune 500 Company

1335 Parklane Road, McComb, MS

$6,216,000

Price

8%

Cap Rate

45,978 sqft

Building Size

Overview
Cap Rate
8%
Building Size
45,978 sqft
Lot Area
6.71 acres
Occupancy
100%
Year Built
2008
Price Per Sqft
$149
Utilities
Tenant’s Responsibility
Insurance
Tenant’s Responsibility
Taxes
Tenant to Reimburse
Description

BUILT TO SUIT CONSTRUCTION
The subject property was built in 2008, and subsequently expanded in 2015. The asset consists of a 45,978 square foot building on a 6.71-acre parcel of land with significant room to expand. This was a built to suit project developed specifically for the tenant, who uses the facility as a sorting and distribution facility for the I-55 and US-98 logistics corridor.

OUTSTANDING LOGISTICS LOCATION
Located just 67 miles from Baton Rouge, 70 miles from Hattiesburg and 76 miles from Jackson, this asset is nearly equidistant from 3 prominent southern cities. The Subject Property is located right off US-98 (15,330 VPD) with easy access to I-55 (31,291 VPD).

SIGNIFICANT TENANT INVESTMENT
The Tenant has made a multi-million-dollar investment in this facility’s package and handling equipment. The package and handling equipment was custom ordered, installed and calibrated. This is a 3-4-month process unique to the Tenant making the location of their facilities a very thoughtful and strategic endeavor. Historically tenant-leased assets show significantly higher retention rates than what you see with other industrial product.

HIGH YIELDING ASSET, OVER 6 YEARS REMAINING
The Tenant signed a 10 year lease with six years remaining (lease expiration date of July 31, 2025) allowing the investor to capture a long-term passive stream of income. The lease features limited landlord responsibilities (roof and structure only).

IN ASSOCIATION WITH:
Joe Steffner
Senior VP, Regional Managing Director
901.937.3980

Documents
Title
Offering Memorandum
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Location
Gallery