1126 Jackson Ave - Office FOR SALE


Pascagoula, MS 39567
$2,989,211 USD
404-823-6360
1126 Jackson Ave, Pascagoula, MS for Sale
$2,989,211 USD
Office - FOR SALE
1/16
null | 9% Cap Rate

1126 Jackson Ave
Pascagoula, MS 39567


HIGHLIGHTS

  • National Credit Tenant Roster
  • Full 2019 Renovation
  • Upside Potential Via Additional Parcel
  • Primary Office Corridor
  • Excellent Access Within I-10 Corridor
  • Close Proximity to Population Drivers

OVERVIEW

Northmarq Commercial, on behalf of ownership, is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in the Pascagoula Professional Building located at 1126 Jackson Avenue in Pascagoula, Mississippi (the “Property”). Encompassing ±27,350 SF of office space across four floors, the Property is 100% leased with a tenant roster that includes two investment-grade, national credit tenants who combined have a market cap of more than $469 billion and generated more than $264 billion in revenue in CY2024 (Chevron – NYSE: CVX | S&P: AA-; Lockheed Martin – NYSE: LMT | S&P: A-). These two tenants account for 89.2% of the leasable area and 89.4% of the annual rent. What remains is currently being occupied and paid by a bank branch of The First, a subsidiary of Renasant Corporation (NYSE: RNST | KBRA: BBB+) who is vacating at the end of their current term in June 2026; however, current Ownership will be signing a two-year master lease under the same terms and conditions and same rental rate to immediately commence thereafter on July 1, 2026 to ensure no disruption in cash flow. The Property was renovated in 2019 and is well-positioned amid Pascagoula’s primary commercial corridor where there is a heavy presence of office users, including a majority of the Jackson County government buildings as the city serves as the county seat. Additionally, major economic and population drivers such as Ingalls Shipbuilding (Mississippi’s largest private employer with more than 11,000 personnel), Chevron’s Pascagoula Refinery (a top-ten U.S. refinery with more than seven million gallons of gasoline and other products daily), Pascagoula High School (a top-25 and top-200 public high school statewide and nationwide, respectively) and a major U.S. Coast Guard station are all within five miles.

FOR SALE DETAILS

PRICE

$2,989,211 USD

PRICE/SF

$85 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pascagoula Professional Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

168

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

CC / CITY OF PASCAGOULA

APN/PARCEL ID

4-14-11-101.000

ASK ABOUT THIS PROPERTY

Colin CouchNorthmarqMore Info
404-823-6360

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Colin CouchNorthmarqMore Info
404-823-6360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.