Jackson MS Records Center

50 Northtown Drive Jackson, MS 39211

50 Northtown Drive, Jackson, MS, 39211
50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211 50 Northtown Drive, Jackson, MS, 39211
FOR SALE
Property Type:
Warehouse
Amount:
$4,950,000
Last Verified:
May 13, 2024

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Description

Industrial Warehouse Listing in Prime Location

Welcome to 48 & 50 Northtown Drive, Jackson, MS 39211. Situated in a favorable northeast Jackson area, these two high bay warehouses offer a combined total of 43,800 square feet, perfectly tailored to accommodate the needs of modern businesses.

Property Features:

Building #1 - 48 Northtown Drive: Built in 2004, this building contains 18,800 square feet. The 40-foot clear height represents approximately 750,000 cubic feet of storage space and was designed specifically for it's current use as a Information Warehouse.

Building #2 - 50 Northtown Drive: Constructed in 2008, this expansive climate controlled warehouse comprises 25,000 square feet of with 40' clear height ceiling and approximately 1,000,000 cubic feet of storable space.

Tenant Profile:
Vital Records Control (VRC), the long term tenant occupying both facilities, is a leading provider of enterprise content management solutions. VRC has been in the information management business for 35 years, serves in excess of 35,000 clients with over 130 locations nationwide. With a commitment to preserving and protecting critical data, VRC offers comprehensive services including document storage, shredding, imaging, digital solutions, data storage, and more. Catering to a diverse clientele ranging from healthcare institutions to legal firms, VRC ensures compliance, security, and accessibility of sensitive information, making them an invaluable asset in today's data-driven landscape.

Lease Details:
Both properties are currently leased under a 7-year triple net lease agreement (NNN) which was renewed in February of 2024 with annual escalations. Demonstrating VRC's long-term commitment to these facilities, VRC has occupied the two warehouses since 2012. This stable tenant offers a lucrative opportunity for prospective buyers seeking consistent rental income.

Additional Amenities:
Metal roof. Insulated sandwich panel walls. Climate Controlled. Generator.

Strategically positioned in Jackson, MS, these warehouses benefit from easy access to major transportation routes, ensuring seamless connectivity to regional markets. With a thriving commercial landscape and proximity to essential amenities, this location serves as an ideal base for businesses seeking growth and expansion opportunities.

Don't miss out on this exceptional investment opportunity! Schedule a viewing today and unlock the potential of these premium industrial properties.


Year Built: 2008
Building Size: 43800sq ft
Lot Size: 1.99 acres


Documents

Brochure (L)
Offering Memorandum (L)

Map of 50 Northtown Drive, Jackson, MS, 39211

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.