Bruce Payne - Commercial Real Estate Showcase

Bruce Payne Property Listings
Payne Realty
6265 Pear Orchard Rd
Suite 106
Jackson, MS 39201
(601) 956-2020

404 Legacy Park - Legacy Park

Ridgeland, MS 39157 - Madison/Ridgeland Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:-
Stories:2 Typical Floor:- Building Size:5,650 SF
For Sale Price:$656,900 Price/SF:$116.27
Cap Rate:7.20 %
Parking:Free Surface spaces; Free Covered spaces

Sale Notes:
Located in Ridgeland, MS this property is an excellent investment opportunity. The building is divided into two separate suites consisting of a 3,377 square foot suite and a 1,986 square foot suite.The two suites share 343 square feet of common/bathroom area. The property is 100% leased. The owner occupants, once the property is sold, will sign a 3-year lease back. The current tenants opposite the owner-occupants are on lease until 2020. Plenty of automatic investment potential, with a 2015 cap rate of just over 7.2%.

Payne Realty
Bruce Payne
(601) 956-2020

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