2438 Highway 98 E - Office FOR SALE


Columbia, MS 39429
$5,800,000 USD
832-266-5114
2438 Highway 98 E, Columbia, MS for Sale
$5,800,000 USD
Office - FOR SALE
1/9
null | 8.75% Cap Rate

2438 Highway 98 E
Columbia, MS 39429


HIGHLIGHTS

  • 10-year NNN lease

OVERVIEW

KBC Capital Markets, as exclusive agent, is pleased to offer for sale the fee simple interest in 2438 Hwy 98 E, Columbia, Mississippi (the “Property” or “Facility”), the newly renovated United Rentals/YakMat company headquarters situated on 4.75 acres. The property sits strategically in the heart of Yak Mat’s managerial employee base and labor pool of southern Mississippi’s Pine Belt, as well as being the center of the company’s national logistics network. The property fronts US 98 with excellent regional access to I-59, I-10 and I-20. Additionally, Hattiesburg-Laurel Regional airport (PIB) is minutes away for convenient commercial air service by United Airlines. The Property is 100% leased to Yak Access, LLC (the “Tenant”) a wholly owned subsidiary of United Rentals on a 10.2-year NNN lease. This offering represents an exceptional investment opportunity to acquire the modernized office headquarters of a high quality tenant in a Qualified Opportunity Zone.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

4.74 AC

LAND SF

206,474 SF

ZONING

-

APN/PARCEL ID

124-33-000-33-003

ASK ABOUT THIS PROPERTY

Judd HarrisonKBC AdvisorsMore Info
832-266-5114

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Judd HarrisonKBC AdvisorsMore Info
832-266-5114

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