690 Towne Center Blvd - Office FOR SALE


Ridgeland, MS 39157- Outer Ridgeland/Madison
$1,195,000 USD
601-352-0757
690 Towne Center Blvd, Ridgeland, MS for Sale
$1,195,000 USD
Office - FOR SALE
1/11
null | 9.6% Cap Rate

690 Towne Center Blvd
Ridgeland, MS 39157
Outer Ridgeland/Madison


OVERVIEW

7,000/SF on 1st floor and 300/SF unfinished on 2nd floor. Over $100,000 was spent upgrading the building in October and November, 2024! LOTS of new items added and building is in outstanding condition. Building contains a fire sprinkler system which helps lower insurance cost. A 64-month modified gross lease was executed with a 25+ year established law firm. The lease begins September 1, 2025 and has a rent increase after the 28th month. Tenant pays utilities, janitorial and communication expenses. List price: $1,195,000 The average cap rate for the lease term is +/- 9.6% with the cap rate being +/- 10% for the final 3 years of lease. Call Hugh Johnson, Broker, today at 601-506-4549 for more information.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

9.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C-2

APN/PARCEL ID

072I-32A-003-05-00

ASK ABOUT THIS PROPERTY

Hugh JohnsonJ. Walter Michel AgencyMore Info
601-352-0757

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Hugh JohnsonJ. Walter Michel AgencyMore Info
601-352-0757

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