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100 - 104 Business Park Dr
Ridgeland, MS 39157
100-106 Business Park · Office Property For Sale
Investment Highlights
- 4 Institutional Quality Buildings Totaling 56,076 SF
- Strong Leasing Drivers - Significant Leasing Activity Over The Past 12 Months
- Growing Area - New AWS Data Center campus, UPS Ground and Anheuser-Busch Distribution Center all within one (1) mile of the subject property.
- Diverse Tenant Roster - Regional and National Tenants
- 2 Dock-High Doors and 22 Rear Double Doors
Executive Summary
This investment opportunity consists of an industrial-flex warehouse complex, comprised of four (4) tilt-up construction buildings with tremendous Interstate access and visibility. The property ideally situated on the southern end of the Highland Colony Parkway in the city of Ridgeland (Jackson suburb), Mississippi which makes the complex very attractive with its proximity to new major employers, industrial developments, and high-end retail. The property sits on approximately 10 acres, including a diverse range of regional and national tenants with the majority having strong annual rent increases, and over 2 acres of undeveloped land for future truck court or outdoor storage.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
56,076 SF
Building Class
B
Year Built
1986
Price
$9,376,792 CAD
Price Per SF
$167.22 CAD
Cap Rate
7.50%
NOI
$702,846 CAD
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
56,076 SF
Building FAR
0.13
Lot Size
10.00 AC
Zoning
TIP - Technical Industrial Park District
Parking
72 Spaces (1.28 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 071G-35C-004-02-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $530,116 CAD |
Property Taxes
Parcel Number
071G-35C-004-02-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$530,116 CAD
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