Single Tenant Net Lease FOR SALE

Withdrawn Industrial for Sale
Catylist Listing ID: 30148024
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Net Leased, Office Showroom
Building Status: Under Construction
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.65 Acres
Sale Price: $1,861,453
Unit Price: $1,240 PSF
Ceiling: 20 ft. / 18 ft. Clear
Property Use Type: Net Leased Investment (NNN)
Building Name: Pacific Shore Stones
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Withdrawn On: 9/14/2017
Last Updated: 9/14/2017

Overview / Comments

Single Tenant Net Lease, new construction building. 10 year initial lease with 2% bumps each year, 2 renewal options. 15,000 SF bldg. with 10,000 SF outside storage area on 1.65 acres in Olive Branch, MS just over the Memphis, TN state line.

Additional Details

Nearest MSA: Memphis
County: DeSoto
Taxing Authority: Olive Branh, DeSoto County MS
Tax ID/APN: SE 1/4 of Section 33, Township 1 South, Range 6 West
Property Located Between: NW Corner of Hacks Cross Road & DeSoto Road, Olive Branch, MS
Highway Access: Close to Hwy 385, Hwy 305, Hwy 302, I-22/Hwy 78
Airports: Memphis International 20 mins / Olive Branch Municiple across the street
Site Description: New Construction
Area Description: Surrounded by industrial warehouses, restaurants, residents, Olive Branch airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,500 SF
Property Condition: Excellent
Year Built: 2017
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Block / Brick
Parking Type: Structure
Parking Description: On site
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable, DSL, Satellite
Interior Description: small front reception area, offices, breakroom, remaining is showroom.
Zoning Description: M2 - Heavy Industrial
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,304 49,128 106,556
Median Age: 31.06 33.75 33.45
Households: 909 17,491 37,442


Photograph of Listing Agent

Bambi Kirk

Utley Properties Olive Branch, MS 38654
LACDB Member
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