I-20 Business Center
100 Business Center Parkway
Pearl, MS 39208
FOR SALE
Property Type:
Free Standing BuildingAmount:
$725,000
Last Verified:
May 07, 2024Highlights
- Approximate in place cap rate of just under 10%
- Majority of tenants have occupied for 7 + years
- Value add potential with short terms and partial below market rents
Description
Located just off of I-20 in Pearl, Mississippi, Payne Realty is offering for sale this +/- 10,000 square foot fully occupied retail center. The property is seven units with a good mix of long terms tenants. The property is visible from I-20 and is sitting on just over an acre of land. The property was built in the early 2000s, and at the asking price of $725,000 reflects an in-place cap rate of just under 10% (approximate) or just over $72.5/SF in the improvements. Please call our office for more information on this property at 601-956-2020. All information is from sources considered reliable, it is not guaranteed but the brokerage or its agents.
Located just off of Interstate 20 on Business Center Parkway
Year Built: 2000
Building Size: 10000sq ft
Lot Size: 1.03 acres