Fairmont Plaza

Office for Sale
Catylist Listing ID: 30375959
Property Subtypes: Mixed Use, Flex Space
Building Size (RSF): 50,400 SF
Sale Price: $1,580,000
Unit Price: $31.35 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Fairmont Plaza
Class of Space: Class B
Usable Size (USF): 50,400 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/14/2019

Overview / Comments

Very good investment opportunity!
$1,580,000 price with a 10% +/- Cap Rate
100% occupied as of 3-1-2019
50,400 +/- SF, Flex space
98.6% occupied as of 2/1/19
21 tenants presently in place
Hard to locate “flex suites” range in size of 1800, 3600 or 5400 SF
Lots of improvements made over past 5 years
Roofs and HVACs in good shape
Good, safe area of town
No flood insurance required
Room to escalate rents moving forward!

Additional Details

Nearest MSA: Jackson
County: Rankin
Tax ID/APN: E09C000037 00000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,095 25,389 75,925
Median Age: 35.99 35.26 36.07
Households: 1,969 8,279 28,797

Contact

Photograph of Listing Agent

Henry R Michel

J. Walter Michel Agency
Jackson, MS
LACDB Member
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