This is a combination of 3 building that are leased by Precision Spine, Inc under 1 Lease.
Building Information:
3 Freestanding Office/Light Manufacturing Buildings Totaling 29, 838 Sq. Ft. (Steel Frame Structure on a concrete slab)
Building #!: 5177 Old Brandon Road, Pearl, MS - 10,104 SF - 6,178 SF Office & 3,962 SF Light Manufacturing located on a 1.16 acre lot.
Building #2: 2040 Executive Drive, Pearl, MS - 10,270 SF - 2,856 Sf Office & 7,414 Light Manufacturing located on a 1.21 acre lot.
Building #3: 2050 Executive Drive Pearl, MS - 9,464 SF - 5,727 SF Office & 3,737 Light Manufacturing located on a 1.28 acre lot.
Lease Information:
Lease renewal (a new lease was generated) with a ten year lease term beginning October 1, 2025.
The year 2026 NOI is projected to be $676,274.00 with a Capitalization Rate of $9.68%
Rental Income:
$686,274 years 1 - 3
$706,862 year 4
$728,068 year 5
$749,910 year 6
$772,407 year 7
$795,580 year 8
$819,447 year 9
$844,030 year 10
Location:
The buildings are located in the Jackson Metro Area in Rankin County and the City of Pearl, MS.
Rankin County has a population of 157,031 people.
A total of 59,626 households.
The average household income is $94,113.00.