10382 Express Drive, Gulfport, MS 39503
$475,000
Property Type:
Commercial Sale
Square Footage:
4,840
Lot Size (sq. ft.):
44,431
Status:
Closed
Current Price:
$470,000
List Date:
3/25/2022
Last Modified:
11/19/2024
Description
Income producing asset; office portion, 3,200+/- sq ft, recently built out. 9%+/- CAP possible with the following in mind: 5-year lease signed on 6/30/21 with large Artificial Limb & Orthopedic company. Two additional 5-year options available to tenant with 120 days' notice. Owner pays for structural insurance & GL (currently $3,347); real property taxes ($3,335 for 2021); and any substantial repairs required as dictated by lease terms. Tenant pays for all utilities, security services, exterior signage maintenance, and lawn maintenance. Space currently includes: 1 reception room, 2 patient rooms, 4 offices, 1 gait lab (similar to conference room), 2 bathrooms, 1 kitchen / breakroom, 1 storage room, 1 digitizer room, 1 fabrication lab, 1600+/- sq ft warehouse with rollup doors available. Additional undeveloped land in rear of building likely convertible to additional building or parking area(s). Two HVAC systems, 5-ton unit manufactured 10/2019.
More Information MLS# 4012671
Address and Location Information
Nearest Cross Street: Seaway Road
Parcel Number: 0909a-01-001.012
N or S of I-10: S
N or S of CSX Railroad Track: N
Street Number: 10382
Street Name: Express
Street Suffix: Drive
County: Harrison
State: MS
Zip Code: 39503
Subdivision: Intraplex 10
Location
Industrial Park: 1
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2022-03-25
List Price: $470,000
Current Price: $475,000
Property Sub Type: Industrial
General Property Information
Property Sub Type: Industrial
New Construction: No
Approx Lot Size Acres: 1.02
Lot Size Dimensions: 88x525x85x516
Office Square Footage: 3220
SqFt Source: Owner
Warehouse Square Footage: 1620
List Price/SqFt: 97.11
Number of Lots: 1
Divisible: No
Year Built Source: Public Records
Garage Spaces: 3
Total Floors: 1
Bathrooms Half: 2
Bathrooms Three Quarter: 0
Fireplace: No
Pool: No
Accessibility Features: Yes
Approx H/C SqFt: 4840
Year Built: 1989
Tax and Financial Information
Tax Annual Amount: 3335
Tax Year: 2021
Zoning: Industrial
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Legal Description: LOT 12 INTRAPLEX 10 PHASE I
Remarks & Miscellaneous
Public Remarks: Income producing asset; office portion, 3,200+/- sq ft, recently built out. 9%+/- CAP possible with the following in mind: 5-year lease signed on 6/30/21 with large Artificial Limb & Orthopedic company. Two additional 5-year options available to tenant with 120 days' notice. Owner pays for structural insurance & GL (currently $3,347); real property taxes ($3,335 for 2021); and any substantial repairs required as dictated by lease terms. Tenant pays for all utilities, security services, exterior signage maintenance, and lawn maintenance. Space currently includes: 1 reception room, 2 patient rooms, 4 offices, 1 gait lab (similar to conference room), 2 bathrooms, 1 kitchen / breakroom, 1 storage room, 1 digitizer room, 1 fabrication lab, 1600+/- sq ft warehouse with rollup doors available. Additional undeveloped land in rear of building likely convertible to additional building or parking area(s). Two HVAC systems, 5-ton unit manufactured 10/2019.
Status Change Info
Sold Price/SqFt: 98.14
Contract Date/Pending Date: 2022-03-27
Closing Date: 2022-04-26
Current Use
Medical/Dental: 1
Possible Use
Industrial: 1
Business Type
Health Services: 1
Sewer
Public Sewer: 1
Commercial Features
ADA Qualified: 1
Delivery Door: 1
Doors 10-15 Feet: 1
Employee Lounge: 1
Employee Restrooms: 1
Maintenance Area: 1
Public Restroom(s): 1
Rest Rooms: 1
Water Source
Public: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Showing Requirements
Showing: Appointment Required
Walls - Interior
Sheetrock: 1
Square Footage Description
Industrial Bldg 2500-5000 SF: 1
Ofc. Bldg 2500-5000 SF: 1
Warehouse Up to 5000 SF: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Entrance: 1
Accessible Parking: 1
Cooling
Central Air: 1
Electric: 1
Office Area Only: 1
Heating
Electric: 1
Foundation Details
Slab: 1
Auction
Auction: No
Exterior Construction/Siding
Brick Veneer: 1
Metal Siding: 1
Driveway Features
Concrete Drive: 1
Basement Features
Basement: No
Price Includes
Building and Land: 1
Leases: 1
Available Documents
Floor Plan(s): 1
Leases: 1
Disclosures
Investment: 1
Additional Transportation
Interstate 1 Mile or Less: 1
Property Features
Business Type: Health Services
Current Use: Medical/Dental
Possible Use: Industrial
Commercial Features: ADA Qualified; Delivery Door; Doors 10-15 Feet; Employee Lounge; Employee Restrooms; Maintenance Area; Public Restroom(s); Rest Rooms
Location: Industrial Park
Square Footage Description: Industrial Bldg 2500-5000 SF; Ofc. Bldg 2500-5000 SF; Warehouse Up to 5000 SF
Walls - Interior: Sheetrock
Accessibility Features: Accessible Approach with Ramp; Accessible Entrance; Accessible Parking
Cooling: Central Air; Electric; Office Area Only
Heating: Electric
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: Cash; Conventional; Owner May Carry
Driveway Features: Concrete Drive
Additional Transportation: Interstate 1 Mile or Less
Price Includes: Building and Land; Leases
Available Documents: Floor Plan(s); Leases
Disclosures: Investment
Listing Office:
Cameron Bell Properties, Inc.
Listing Agent:
Cameron C Bell
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.