City Centre Office FOR SALE


Jackson, MS - City Center Jackson
$7,250,000 USD
404-662-1617
, Jackson, MS for Sale
$7,250,000 USD
Office - FOR SALE
1/10
null | 8.75% Cap Rate


HIGHLIGHTS

  • Two Class A Office Towers with institutional quality construction
  • Primary Tenant: Anchored by the Mississippi Department of Human Services | AA S&P Credit occupying 79.8% of the total square footage
  • Long Term Remaining: over 14+ years remaining on MDHS lease
  • Rental Escalations: 6.67% rental escalations every 5 years
  • Secondary U.S. Government Tenant: U.S. Federal Public Defender (AA+ S&P Credit) occupying 6.7% through 2028

OVERVIEW

City Centre represents a premier two-tower office complex strategically positioned in downtown Jackson, Mississippi's central business district. The property consists of a 10-story North Tower (128,500 SF on 0.58 acres) and a 12-story South Tower (137,500 SF on 0.4 acres), totaling 266,000 square feet of Class A office space. The investment is anchored by the Mississippi Department of Human Services (MDHS), an exceptionally strong credit tenant with an AA S&P rating that occupies approximately 69% of the property. MDHS recently renewed their lease in 2019 for a 20-year term, providing 14 years of remaining lease certainty. The tenant has demonstrated expansion within the property, currently occupying three floors in the North Tower and the entirety of the 12-story South Tower. This acquisition presents a compelling value-add opportunity for new ownership to enhance returns through operational improvements and expense management optimization. The stable, long-term government tenant base combined with strategic repositioning potential creates an attractive risk-adjusted investment profile in Mississippi's capital city.

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404-662-1617

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404-662-1617

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