Listed by London & Stetelman
$500,000
235 Hwy 589, Purvis, MS
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 5,317
Net Rentable (SqFt) 5,317
Cap Rate 9.51%
NOI $47,549
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $94
Class C
Year Built 2005
Buildings 1
Stories 1
Lot Size (SqFt) 36,590
Zoning I 1
Partially leased office building with quality tenant.
Marketing description
Freestanding office building located at 235 Hwy 589 in Purvis, MS totaling 4,514 SF, with an additional 624 SF detached storage building. Approximately 2,792 SF (including the outbuilding) is currently leased to the Department of Agriculture, providing stable in-place income. The remaining ±1,580 SF of office space is available for immediate occupancy and is supported by approximately 760 SF of shared common area, including break room, restrooms, and foyer. Ideal opportunity for an owner-user or investor seeking a mix of income and usable space.
Show by appointment only. Lease can be reviewed with signed NDA.
Listing Contacts
Listed by London & Stetelman
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,549.00
$3,962.42/mo
Valuation Metrics
0
DSCR
9.51%
Cap Rate
9.51%
ROI
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