11309 Old Highway 49 - Office FOR SALE
Gulfport, MS 39503 |
11309 Old Highway 49
Gulfport, MS 39503
HIGHLIGHTS
- 7.50% cap rate on 2025 projected net income
- Term through 12/3/2031 / Firm term through 12/3/2029 / Rent escalation last 2 years of term
- $70,745 annual renovation reimbursement paid to landlord through December 2029
- 10,905 SF IRS Taxpayer Assistance Center / Single story brick built 2007, renovated 2023, new roof 2024
- Increases of property taxes over a base year reimbursement
- Operating expense reimbursement and CPI formula increases
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
GSA Leased Investment IRS Gulfport
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
10905
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.6 AC AC
LAND SF
113,256 SF
ZONING
-
APN/PARCEL ID
0708I-02-003.000
