Listed by NAI Rampart
$1,850,000
NNN Medical Office For Sale - Ocean Springs, MS
Details
APN 61265014.000
Property Type Office
Sub Type Medical Office
Square Footage 5,500
Net Rentable (SqFt) 5,500
Units 1
Cap Rate 7.14%
NOI $132,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 02/27/2031
Remaining Term 6
Rent Bumps No
Lease Options Two, Five (5) Year Options
Price per SqFt $336
Class A
Year Built 2021
Buildings 1
Stories 1
Lot Size (SqFt) 15,000
Zoning C-H
Parking Spaces 19 spaces
Parking Per SqFt 3.45
Investment Type Stabilized
Lease Commencement 02/28/2021
Occupancy Date 02/28/2021
Ground Lease No
Office | 7.14% CAP | 5,500 SqFt
Marketing description
Presenting a prime investment opportunity in Ocean Springs, MS: a 5,500-square foot building, completed in 2021, fully leased to **Memorial Health System**, ensuring 100% occupancy and a reliable long-term tenant. Memorial, a leading healthcare provider since 1946, operates two hospitals, over 100 physician clinics, outpatient centers, and post-acute services, offering stability and security for investors. This modern, turnkey property, located near Memorial Hospital and other key healthcare facilities, is ideal for medical use, with strong potential for long-term value appreciation in a growing market.
Investment highlights
- 5,500 SF modern building
- 100% occupancy with long-term tenant
- Built in 2021, like-new condition
- Prime location in Ocean Springs
- Low maintenance and operating costs
Listing Contacts
Listed by NAI Rampart
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
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