COLUMBIA COMMONS

501 Eagle day Drive, Columbia, MS 39429

$750,000

8,800 SF | Office

FRONT VIEW

Office Property For Sale

Price:
$750,000
Building Size:
8,800 SF
Price/SF:
$85.23
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Institutional/
Governmental
Medical Office
Office-R&D
Property Use Type:
Net Lease Investment with
3 years left on lease
Commission Split:
3%
Cap Rate:
8.74%
Occupancy:
90%
Building Class:
A
Tenancy:
Multiple
Lot Size:
3 AC
Listing ID
19763842
Last Updated
32 days ago

Find Out More...

Description

Nice stand alone one story building located on 3 acres with over 50 paved parking spaces. Building has zoned HVAC, recessed florescent lighting, and carpet floors. Building was built in 2009. Medicaid is the primary tenant and is in the 7th-year of a 10-year NN lease. The building was actually 'built to suit' Medicaid location serving the Marion County area. There is an additional 1,685 sf of available space. Current income from Medicaid is $72,000. All expenses, including reserves, are $22,071. That is $49,921 NOI. However, an upside is the additional space that should bring another $20,220. Built 'as is' the appraisal is $900,000. Projected CAP rate is in the 8.74/9.00 range.

Locate at the corner of Eagle Day Drive and Pearl Street in Columbia, MS. Excellent corner acreage (3) with better than average access. Good professional neighborhood.

Commercial property information by LoopNet

Map of 501 Eagle day Drive, Columbia, MS 39429 (Marion County)

Contact Listing Broker to find out more details.

Presented by

Cook Commercial Properties

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Contact Listing Broker
BILL F. HANKINS (601) 214-6343
JOSEPH TUBB (601) 606-1900

BILL F.'s Other Listings

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