I-20 Business Center

Highlights

• Approximate in place cap rate of 10.05%
• 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 $799,000 reflects an in-place cap rate of approximately 10.05% or just over $79/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