Listed by Estes Bush Real Estate LLC, The Mattiace Company
$1,700,000
I-55 Plaza Office Complex
Details
Property Type Office
Sub Type Executive Office
Square Footage 26,742
Occupancy 43%
Tenancy Multi
Lease Type Gross
Price per SqFt $64
Class C
Year Built 1968
Acreage 4.500
Zoning C-2
Office | 26,742 SqFt
Marketing description
I-55 Plaza is a multi-tenant office building comprising of four (4) buildings containing a total of 26,742 square feet of gross building area. The buildings are set in a “campus” like atmosphere with plenty of parking in front and rear of the buildings. There are approximately 130 parking spaces giving the subject property a parking spot for every 205 square feet or nearly five (5) per 1,000 SF.
The office complex’s location is on the west side of Interstate 55 Frontage Road in the North/Northeast Jackson area. There is a myriad of office, retail, residential and hospitality uses in the submarket area. Interstate 55 is the most heavily traveled Interstate in the Jackson area and connects the Central Business District (CBD) with Madison County which has one the highest residential building permits in the state.
The exits and frontage road systems make it easy and convenient to get to the office complex. In addition, the complex has two curb cuts from I-55 Frontage Road given its 400 feet of frontage. In addition, there are two curb cuts from Edgewood Terrace so the entire complex and parking lots are very accessible.
The office complex is located on the west side of Interstate 55 just south of Briarwood Drive and North of Northside Drive.
Investment highlights
- 26,742 SF Office Complex
- 17 Units
- Average Rent is $11.72, which is below market
- Centrally located in Jackson, MS with immediate access to I-55
- Abundant parking available (5 per 1,000 SF)
- West side of I-55, south of Briarwood, & north of Northside Dr.
- Zoned C-2
- Broker/Owner has owned property for almost 16 years and wants to sell to use equity to develop and/or purchase an additional real estate project.
Listing Contacts
Listed by Estes Bush Real Estate LLC, The Mattiace Company
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Zoning
C-2 CommercialSpecial CommercialLimited Commercial
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