Office Investor Opportunity in Jackson, MS

Highlights:

• Office / investment opportunity with interstate visibility
• Priced just over $100/SF and at a % cap rate.
• Great 1031 exchange opportunity

Description:

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.

Located on the corner of I-55 North Frontage Road and Jamaica Drive. Accessed off the North frontage road or from the east coming from Wayneland Drive to Jamaica Drive.