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19494428
19574157

1887 Lakeland Dr, Jackson, MS 39216

Lane-Harkins Commercial Real Estate
PH
MS 48530, 48530
Lane-Harkins Commercial Real Estate
Listed by Lane-Harkins Commercial Real Estate
Unpriced
671 days on market
Updated 84 days ago

Top Southeast Investment: Trustmark Bank Location

Details
APN 005900000103000001
Property Type Office
Sub Type Executive Office
Square Footage 16,717
Net Rentable (SqFt) 16,717
Units 1
NOI $269,140
Occupancy 100%
Tenancy Single
Brand/Tenant Bank, Trustmark Bank
Lease Type Gross
Lease Term 3
Lease Expiration 06/07/2027
Remaining Term 1
Rent Bumps Yes
Lease Options Two options available after initial term
Class B
Year Built 1977
Year Renovated 2020
Buildings 1
Stories 1
Acreage 1.340
Zoning Commercial C-2
Parking Spaces 75 spaces
Parking Per SqFt 4.49
Investment Type Owner/User
Tenant Credit Credit Rated
Lease Commencement 06/06/2024
Occupancy Date 06/30/2003
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Prime Investment Opportunity: Building with Trustmark Bank as a Secured Tenant

Marketing description

Investment Opportunity: Prime Trustmark Bank Property on Lakeland Drive

We are pleased to present a rare opportunity to acquire a prominent Trustmark Bank property located at 1887 Lakeland Drive, Jackson, MS. The location is also available for lease.

Property Highlights:

  • Established Tenant: Trustmark Bank, a leading financial institution with over 130 years of history, serves a strong presence across Mississippi, Alabama, Tennessee, Florida, and Texas.

  • Prime Location: Situated on bustling Lakeland Drive, the property benefits from high visibility and accessibility in a well-trafficked commercial corridor, ensuring steady foot traffic and strong market presence.

  • Stable Income: The property’s reliable tenancy by a reputable financial institution ensures a stable and predictable income stream, making it an attractive asset for investors seeking long-term value.

  • High Cap Rate: The property is offered at an 6.25 cap rate, reflecting a compelling blend of stability and profitability in the banking sector.

  • Strategic Market Position: As a cornerstone in Trustmark Bank's regional network, this property is a key asset in the Southeastern United States, enhancing its value as a solid investment.

This Trustmark Bank property is not just a real estate asset but a cornerstone investment in a thriving economic landscape. With its strategic location and strong tenant, this is a prime opportunity for investors looking to secure a high-quality asset with excellent returns. Don't miss your chance to own a piece of Jackson's premier banking infrastructure.

Listing Contacts

Lane-Harkins Commercial Real Estate
PH
MS 48530, 48530
Lane-Harkins Commercial Real Estate
Listed by Lane-Harkins Commercial Real Estate

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Loan Amount
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Annual Debt Service
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$269,140.00
$22,428.33/mo

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Additional Information

Name
Abraham Uriah McDonald
License
59823
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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