Marcus & Millichap is pleased to offer for sale this single-tenant government office building occupied by the U.S. Department of the Interior – U.S. Geological Survey (USGS) located at 308 Airport Rd. S, Pearl, MS. The property consists of a 20,094-square foot office building which was constructed in 1995 and renovated in 2024 as a build-to-suit for the USGS. The USGS signed a renewal for a 2nd generation 15-year lease with 10 years firm effective July, 2022.
The Pearl, MS USGS underwent a $180K renovation in 2024, including renovated bathrooms, light fixtures, and interior painting. The parking lot was re-surfaced and striped also.
This offering is ideal for an investor who is seeking a single credit tenant building occupied by the United States Government with low management, a going-in capitalization rate of 8.06% and an attractive pro-forma capitalization rate of 8.38%.