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28023099
28023100

410 Enterprise Dr, Oxford, MS 38655

ER
MS 19734
Randall Commercial Group, LLC
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC
$3,578,194
188 days on market
Updated 52 days ago
Opportunity zone

Professional Office Investment Property

Details
Property Type Office
Sub Type Traditional Office
Square Footage 8,894
Net Rentable (SqFt) 8,894
Cap Rate 6.75%
NOI $241,528
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.75%
Pro-Forma NOI $241,528
Price per SqFt $402
Class A
Year Built 2024
Buildings 1
Stories 1
Zoning PUD
Investment Type Core

Office | 6.75% CAP | 8,894 SqFt

Marketing description

Randall Commercial Group, LLC is pleased to offer for sale this multi-tenant professional office condominium in The Park at Oxford Commons (“The Park”). The subject property is approximately 8,894 sq. ft. and was completed in July 2024. The office building is divided into 4 larger office suites and 11 individual office spaces. The 4 office suites are occupied by national and regional tenants including AnderCorp, Ironwood Holdings, Keith S. Collins Company, and Robert W. Baird & Co. The individual office suites are occupied by mixture of banks, mortgage lenders, architects, attorneys, and counselors. The subject property is currently 100% occupied. The Park is part of the larger Oxford Commons Planned Unit Development (“PUD”). The Oxford Commons is envisioned as a self-contained "village" within the city of Oxford. It is designed to be a vibrant, mixed-use community that seamlessly blends residential, commercial, educational, and entertainment components.

The Park at Oxford Commons is located just off Sisk Avenue near the Oxford Conference Center. The Subject Property is at the corner of Ed Perry Blvd. and Commonwealth Bvld. The office building overlooks Della Davidson Elementary School and is approximately half a mile from the Oxford High School campus. The Oxford Commons is a major, ongoing PUD located on the northeast side of Oxford, MS. The Commons has excellent access to major highways serving Oxford, including Highway 7, Highway 30, and Highway 6/278. The Commons is roughly 2 miles from the historic Oxford Square and about 2.5 miles from the University of Mississippi ("Ole Miss") campus.

Investment highlights

  • The Subject Property is approximately 8,894 sq. ft. professional office condominium in The Park at Oxford Commons (“The Park”), an approximately 82,000 sq. ft. professional office development
  • The office building is divided into 4 larger office suites and 11 individual office spaces
  • The 4 office suites are occupied by national and regional tenants including AnderCorp, Ironwood Holdings, Keith S. Collins Company, and Robert W. Baird & Co.
  • The individual office suites are occupied by mixture of banks, mortgage lenders, architects, attorneys, and counselors. The subject property is currently 100% occupied.
  • Key amenities for The Park:
  • Restaurants including Chipotle, El Charro, Amore Italian Ristorante & Bar, Pizzashop, Common Ground Coffee Bar, Chick-Fil-A, Waffle House, Wendy’s, and Aplos Mediterranean Restaurant (coming in 2026)
  • Banks including FNB and The Citizens Bank (currently open in the Commons and building a new branch)
  • Hotels including Tru by Hilton, Hampton Inn, and TownePlace Suites by Marriott
  • Entertainment including Premier Lanes Entertainment Center and Malco Oxford Commons Cinema Grill
  • The Oxford Commons is a major, ongoing Planned Unit Development (PUD) in Oxford, Mississippi
  • The development features an emphasis on outdoor living with extensive walking trails, beautiful lakes, parks, and picnic areas, preserving over 70 acres of green space
  • The Oxford School District has two schools located within the Oxford Commons – Oxford High School and Della Davidson Elementary School
  • Approximately 0.3 mile from the Subject property is The Commons at Oxford Commons, a mixed-use development
  • Phase I, II, and III of The Commons have been completed; the 4th and final phase will include retail, office, and restaurants with open areas (Aplos coming in 2026)

Listing Contacts

ER
MS 19734
Randall Commercial Group, LLC
Randall Commercial Group, LLC
Listed by Randall Commercial Group, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$241,528.00
$20,127.33/mo

Valuation Metrics

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DSCR
6.75%
Cap Rate
6.75%
ROI

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