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Westwood Square Shopping Center 4400 Hardy St 78,277 SF 100% Leased Retail Building Hattiesburg, MS 39402 $16,960,428 CAD ($216.67 CAD/SF)
INVESTMENT HIGHLIGHTS
- Assumable 3.88% Loan
- Non-Recourse CMBS Loan
- Matruity 5/1/2031
EXECUTIVE SUMMARY
Herrington Realty is pleased to present the opportunity to purchase Westwood Square Shopping Center, located at 4400 Hardy Street in Hattiesburg, Mississippi. This established shadow grocery retail center, built in 1982, boasts a total gross leasable area (GLA) of 78,227 square feet across a 9.41-acre lot. With 15 diverse tenants, including anchor tenants such as Michaels, Harbor Freight, and Walk-On's (which has a new roof), the center maintains a high occupancy rate of 100%. The center is strategically positioned on US Highway 98, a major retail corridor with a traffic count exceeding 63,000 vehicles per day, ensuring excellent visibility and accessibility. Additionally, the property includes 300 parking spaces, enhancing convenience for shoppers. The deal comes with an assumable non-recourse loan, providing financial flexibility for prospective buyers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
78,277 SF
Building Class
B
Year Built/Renovated
1982/2020
Price
$16,960,428 CAD
Price Per SF
$216.67 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.20
Lot Size
9.14 AC
Zoning
B-5 - Commercial
Parking
500 Spaces (6.39 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 051R-12-082.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $561,256 CAD |
PROPERTY TAXES
Parcel Number
051R-12-082.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$561,256 CAD
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Westwood Square Shopping Center | 4400 Hardy St
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