4400 Hardy St - Storefront FOR SALE


Hattiesburg, MS 39402
$12,300,000 USD
251-510-2277
4400 Hardy St, Hattiesburg, MS for Sale
$12,300,000 USD
Storefront - FOR SALE
1/14
null | 8% Cap Rate

4400 Hardy St
Hattiesburg, MS 39402


HIGHLIGHTS

  • Assumable 3.88% Loan
  • Matruity 5/1/2031
  • Non-Recourse CMBS Loan

OVERVIEW

Herrington Realty is pleased to present the opportunity to purchase Westwood Square Shopping Center, located at 4400 Hardy Street in Hattiesburg, Mississippi. This established shadow grocery retail center, built in 1982, boasts a total gross leasable area (GLA) of 78,227 square feet across a 9.41-acre lot. With 15 diverse tenants, including anchor tenants such as Michaels, Harbor Freight, and Walk-On's (which has a new roof), the center maintains a high occupancy rate of 100%. The center is strategically positioned on US Highway 98, a major retail corridor with a traffic count exceeding 63,000 vehicles per day, ensuring excellent visibility and accessibility. Additionally, the property includes 300 parking spaces, enhancing convenience for shoppers. The deal comes with an assumable non-recourse loan, providing financial flexibility for prospective buyers.

FOR SALE DETAILS

PRICE

$12,300,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwood Square Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

CROSS STREETS

I-59 & U.S. 98

LAND ACRES

9.14 AC

LAND SF

398,138 SF

ZONING

B-5

APN/PARCEL ID

051R-12-082.000

ASK ABOUT THIS PROPERTY

Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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