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Offices418 HWY 90 Waveland, MS 39576
$3,475,000
Flowood, MS 39232
MLS# 1344006
Status: Closed
32000 sqft
1 / 15
Property Description
Two buildings totaling 32,000+/- square feet on 3.63+/- acres leased to L&W Supply Corporation through July 2028 with guaranty from ABC Supply Co., Inc. Leases are NNN with Landlord obligations for capitalized expenses related to concrete yard area and HVAC systems. Eighty-two months remain on the initial term with 2% annual base rent increases. Tenant has two ?ve year renewal options remaining, also with two percent annual increases.
Details
Address and Location Information
Parcel Number: F10A000002 00013
Street Number: 108
Street Name: River Pines
Street Suffix: Cove
County: Rankin
State: MS
Zip Code: 39232
Subdivision: Metes And Bounds
Location
City Street: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2021-09-07
List Price: $3,515,000
Current Price: $3,475,000
Property Sub Type: Industrial
General Property Information
Property Sub Type: Industrial
New Construction: No
Approx Lot Size Acres: 3.63
SqFt Source: Owner
List Price/SqFt: 109.84
Year Built Source: Builder
Total Floors: 1
Bathrooms Half: 4
Bathrooms Three Quarter: 0
Fireplace: No
Accessibility Features: Yes
Approx H/C SqFt: 32000
Year Built: 2002
Tax and Financial Information
Tax Annual Amount: 28550
Tax Year: 2020
Flood Insurance Required?: Yes
Leasehold Y/N: No
Association: No
Legal Description: See deed
Complex Name: L&W Building Supply
Remarks & Miscellaneous
Public Remarks: Two buildings totaling 32,000+/- square feet on 3.63+/- acres leased to L&W Supply Corporation through July 2028 with guaranty from ABC Supply Co., Inc. Leases are NNN with Landlord obligations for capitalized expenses related to concrete yard area and HVAC systems. Eighty-two months remain on the initial term with 2% annual base rent increases. Tenant has two ?ve year renewal options remaining, also with two percent annual increases.
Status Change Info
Sold Price/SqFt: 108.59
Contract Date/Pending Date: 2021-11-08
Closing Date: 2022-08-19
Income & Expenses
Annual Insurance Expense: 10312
Annual Maintenance Expense: 5000
Annual Net Income: 228673
Annual Operating Expenses: 44148
Gross Operating Income: 272822
Vacancy Factor: 0
Business Type
Distribution Warehouse: 1
Sewer
Public Sewer: 1
Commercial Features
Delivery Door: 1
Dock Height Loading: 1
Door Sign: 1
Doors 16-20 Feet: 1
Fenced: 1
Fire Sprinkler System: 1
Grade Loading: 1
Levelers: 1
Load Dock Grade: 1
Security System: 1
% Leased: 100
Number of Tenants: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Showing Requirements
Showing: Appointment Required
Utilities
Electricity Available: 1
Water Available: 1
Electricity Features
Three Phase: 1
Flooring
Concrete: 1
Cooling
Central Air: 1
Zoned: 1
Heating
Central: 1
Electric: 1
Zoned: 1
Other: 1
Foundation Details
Concrete Perimeter: 1
Slab: 1
Exterior Construction/Siding
Metal Siding: 1
Roof
Metal: 1
Exterior Features
Rain Gutters: 1
Parking Features
On Site: 1
Paved: 1
Lighting
High Pressure Sodium: 1
Other: 1
Available Documents
Blueprints: 1
Drawings: 1
Floor Plan(s): 1
Leases: 1
Photographs: 1
Plot Plan/Survey: 1
Other: 1
Lot Size Range
1 to 5 Acres: 1
Property Features
Business Type: Distribution Warehouse
Commercial Features: Delivery Door; Dock Height Loading; Door Sign; Doors 16-20 Feet; Fenced; Fire Sprinkler System; Grade Loading; Levelers; Load Dock Grade; Security System
Electricity Features: Three Phase
Location: City Street
Lighting: High Pressure Sodium; Other
Flooring: Concrete
Cooling: Central Air; Zoned
Heating: Central; Electric; Zoned; Other
Utilities: Electricity Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Concrete Perimeter; Slab
Listing Terms: Cash
Roof: Metal
Exterior Features: Rain Gutters
Parking Features: On Site; Paved
Available Documents: Blueprints; Drawings; Floor Plan(s); Leases; Photographs; Plot Plan/Survey; Other
Lot Size Range: 1 to 5 Acres
Listing Office: Overby, Inc.
Listing Agent: Scott Overby
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$3,475,000
Flowood, MS 39232
MLS# 1344006
Status: Closed
32000 sqft
1 / 15
Property Description
Two buildings totaling 32,000+/- square feet on 3.63+/- acres leased to L&W Supply Corporation through July 2028 with guaranty from ABC Supply Co., Inc. Leases are NNN with Landlord obligations for capitalized expenses related to concrete yard area and HVAC systems. Eighty-two months remain on the initial term with 2% annual base rent increases. Tenant has two ?ve year renewal options remaining, also with two percent annual increases.
Details
Address and Location Information
Parcel Number: F10A000002 00013
Street Number: 108
Street Name: River Pines
Street Suffix: Cove
County: Rankin
State: MS
Zip Code: 39232
Subdivision: Metes And Bounds
Location
City Street: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2021-09-07
List Price: $3,515,000
Current Price: $3,475,000
Property Sub Type: Industrial
General Property Information
Property Sub Type: Industrial
New Construction: No
Approx Lot Size Acres: 3.63
SqFt Source: Owner
List Price/SqFt: 109.84
Year Built Source: Builder
Total Floors: 1
Bathrooms Half: 4
Bathrooms Three Quarter: 0
Fireplace: No
Accessibility Features: Yes
Approx H/C SqFt: 32000
Year Built: 2002
Tax and Financial Information
Tax Annual Amount: 28550
Tax Year: 2020
Flood Insurance Required?: Yes
Leasehold Y/N: No
Association: No
Legal Description: See deed
Complex Name: L&W Building Supply
Remarks & Miscellaneous
Public Remarks: Two buildings totaling 32,000+/- square feet on 3.63+/- acres leased to L&W Supply Corporation through July 2028 with guaranty from ABC Supply Co., Inc. Leases are NNN with Landlord obligations for capitalized expenses related to concrete yard area and HVAC systems. Eighty-two months remain on the initial term with 2% annual base rent increases. Tenant has two ?ve year renewal options remaining, also with two percent annual increases.
Status Change Info
Sold Price/SqFt: 108.59
Contract Date/Pending Date: 2021-11-08
Closing Date: 2022-08-19
Income & Expenses
Annual Insurance Expense: 10312
Annual Maintenance Expense: 5000
Annual Net Income: 228673
Annual Operating Expenses: 44148
Gross Operating Income: 272822
Vacancy Factor: 0
Business Type
Distribution Warehouse: 1
Sewer
Public Sewer: 1
Commercial Features
Delivery Door: 1
Dock Height Loading: 1
Door Sign: 1
Doors 16-20 Feet: 1
Fenced: 1
Fire Sprinkler System: 1
Grade Loading: 1
Levelers: 1
Load Dock Grade: 1
Security System: 1
% Leased: 100
Number of Tenants: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Showing Requirements
Showing: Appointment Required
Utilities
Electricity Available: 1
Water Available: 1
Electricity Features
Three Phase: 1
Flooring
Concrete: 1
Cooling
Central Air: 1
Zoned: 1
Heating
Central: 1
Electric: 1
Zoned: 1
Other: 1
Foundation Details
Concrete Perimeter: 1
Slab: 1
Exterior Construction/Siding
Metal Siding: 1
Roof
Metal: 1
Exterior Features
Rain Gutters: 1
Parking Features
On Site: 1
Paved: 1
Lighting
High Pressure Sodium: 1
Other: 1
Available Documents
Blueprints: 1
Drawings: 1
Floor Plan(s): 1
Leases: 1
Photographs: 1
Plot Plan/Survey: 1
Other: 1
Lot Size Range
1 to 5 Acres: 1
Property Features
Business Type: Distribution Warehouse
Commercial Features: Delivery Door; Dock Height Loading; Door Sign; Doors 16-20 Feet; Fenced; Fire Sprinkler System; Grade Loading; Levelers; Load Dock Grade; Security System
Electricity Features: Three Phase
Location: City Street
Lighting: High Pressure Sodium; Other
Flooring: Concrete
Cooling: Central Air; Zoned
Heating: Central; Electric; Zoned; Other
Utilities: Electricity Available; Water Available
Sewer: Public Sewer
Water Source: Public
Foundation Details: Concrete Perimeter; Slab
Listing Terms: Cash
Roof: Metal
Exterior Features: Rain Gutters
Parking Features: On Site; Paved
Available Documents: Blueprints; Drawings; Floor Plan(s); Leases; Photographs; Plot Plan/Survey; Other
Lot Size Range: 1 to 5 Acres
Listing Office: Overby, Inc.
Listing Agent: Scott Overby
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.