|
WestPark Industrial Facility For Sale
100% Leased, Multi-tenant Building in Northeast MS
|
|
|
Investment Highlights
- 310,667 SF building on 21 + acres
- 100% leased, Multi-tenant
- $548,309 NOI
- 7.98% Cap Rate
- New Roof
- Very low vacancy in trade area
- Located in Qualified Tax Opportunity Zone
|
|
|
|
|
|
Solid Income -producing industrial property located in the center for industry and healthcare in northeast Mississippi. The complex includes the main building consisting of 300,667 SF, and a smaller 10,000 SF shop. The facility is steel-frame, block construction with brick veneer and metal. Recent renovations (2016 - 2018) include a new roof for approx 80% of the facility, new dock doors, and roadway repairs.
Located within 5 miles of I-22 (US Hwy 78) and MS Hwy 178 which provides connection to MS Hwy 45 in Tupelo, MS next to Tupelo Regional Airport. Tupelo/Lee County is consistently ranked in the top counties in Mississippi for personal income, retail sales, total employment, and business activity. Tupelo/Lee County is also home to one of the largest manufacturing bases of manufacturing employees with approximately 20.2% of all employees in the manufacturing sector. Tupelo has ranked in the top 10 of all US micropolitans 7 out of 10 years. Property is located within a Opportunity Tax Zone as declared by the amended 2017 Tax Code!
|
|
|
|
|
|
|
|
TRI Inc - Commercial
600 West Main Street
Suite B
Tupelo MS 38804
|
|
Clay Short
VP
662-842-8283 x 225
662-231-4262
cshort@trirealestate.net
|
|
|
|
|
