3210 Highway 15 N - Office FOR SALE


Laurel, MS 39440
$2,079,000 USD
770-209-1700
3210 Highway 15 N, Laurel, MS for Sale
$2,079,000 USD
Office - FOR SALE
1/4
null | 8.13% Cap Rate

3210 Highway 15 N
Laurel, MS 39440


HIGHLIGHTS

  • • 8.13% cap rate on projected 2026 income
  • • Leased extended through January 20, 2031
  • • 2011 build-to-suit construction for SSA – new roof 2019
  • • Operating cost increases based on a CPI formula
  • • Property tax reimbursement above 2012 base-year

OVERVIEW

This single tenant leased office investment is a build-to-suit for the Social Security Administration serving as a field office. The 8,876 square foot single story brick building was constructed in 2011. The roof was replaced in 2019. The property is leased to the General Services Administration (GSA), guaranteed by the United States Government. The lease was recently extended from January 21, 2026 to January 20, 2031. In addition to base rent, the tenant pays operating costs plus property tax reimbursement above a 2012 base-year of $20,051. The operating costs increase annually based on a CPI formula. The 1.3 acre site provides ample surface parking and excellent highway visibility on US Highway 15 North Laurel is the county seat of Jones County, Mississippi, located along Interstate 59 in the southeastern portion of the state. The Laurel Metropolitan Statistical Area serves a trade area population exceeding 85,000 across Jones and Jasper counties. The local economy is anchored by Howard Industries, Wayne-Sanderson Farms, Masonite International, and South Central Regional Medical Center. Jones County GDP reached $3.6 billion in 2024. The city has experienced significant downtown revitalization, gaining national attention through HGTV's Home Town series. The Social Security Administration field office at this location serves Jones County and the surrounding counties of southeastern Mississippi, providing mission-critical federal services to the region and supporting the long-term stability of the tenancy.

FOR SALE DETAILS

PRICE

$2,079,000 USD

PRICE/SF

$234 USD /SF

CAP RATE

8.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Social Security Administration

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

Commercial

APN/PARCEL ID

147N-24-00-002.02

ASK ABOUT THIS PROPERTY

Matt LevinCrye-Leike CommercialMore Info
770-209-1700

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Matt LevinCrye-Leike CommercialMore Info
770-209-1700

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