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Ridgeland Investment
Opportunity
Great Location…One of a kind in one of
Mississippi’s best Cities.
Quality
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Investment highlights
Superior
Location
Quality
Facilities
Abundant
Parking
Exceptional
Tenants
Ideal Lease
Structure
Ridgeland,
Mississippi
Two
independent
Buildings.
One Campus
Totally New
buildout
internal and
external
All concrete..
Great access
well
landscaped.
Very low
maintenance.
Trane, USA
(Ingersoll
Rand). Gulf
States
trampolines,
LLC
5 Year with
renewals
with
increases.
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Trane USA 851 Wilson Street
Lease terms Revenue
1st 5 years $793,150
1st 3 yr ext. 10% anl. Increase $523,479
2nd 3 yr ext 5% anl Increase $549,653
3rd 3 yr ext. 5% anl. Increase $577,137
Trane Total Revenue $2,443,419
z Gulf States Trampolines, LLC DBA Altitude Of Jackson Plus Personal guaranties
853 Wilson Street 26,874 SF.
Lease Terms Revenue
Primary term (5YRS)
$1,236,224.00
2nd. Term (5 YRS)
$1,393,700.00
Total projected Revenue
$2,629,924.00
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Ridgeland Investment Facility Campus 3.45 Acres two buildings.. Lots of paved concrete Parking well landscaped.
851 Wilson Drive 19.057 SF 853 Wilson Drive 26,874 SF
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Altitude Of Jackson All new beautiful Internal buildout and fixtures.. A real showplace.
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TRANE U.S. A. Totally new buildout . All new HVAC.
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Ridgeland Mississippi is perhaps one of Mississippi’s “Best Places To Live and Work’ Great trade area.. Solid upscale
residential growth community , excellent schools ,largest retail area in the State ,good employment base, large number of
professional offices, banks and supply services. Good local Government.. Simply put just a great business environment.
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INVESTMENT SUMMARY
Price:
$4,950,000
Current NOI
$370,913
CAP Rate
7.50%
Solid
Tenants
Quality
Facilities
Two building
campus
located on
3.45 acres
Improvement
valued near
asking price.
Opportunity
for growth.
Low
overhead.
Controlled
expenses .
Increases
and renewal
terms in
Place
Low
maintenance.
All new
external and
internal.
Including
HVAC.
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Contact and additional information
Bill F. Hankins
Cook Commercial Properties
Jackson, Ms.
601 214 6343
