10382 Express Drive, Gulfport, MS 39503 (MLS# 4012671)

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: $475,000 List Date: 3/25/2022 Last Modified: 11/19/2024

Overview

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.

Listing Details MLS# 4012671

General Property Information

Approx Lot Size Acres: 1.02
Lot Size Dimensions: 88x525x85x516
Approx H/C SqFt: 4840
Office Square Footage: 3220
Warehouse Square Footage: 1620
SqFt Source: Owner
List Price/SqFt: 97.11
Number of Lots: Yes
Divisible: No
Year Built: 1989
Year Built Source: Public Records
Garage Spaces: 3
Total Floors: Yes
Bathrooms Half: 2
Fireplace: No
Pool: No
Accessibility Features: Yes
Property Sub Type: Industrial
New Construction: No
Bathrooms Three Quarter: 0

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

Address and Location Information

Street Number: 10382
Street Name: Express
Street Suffix: Drive
County: Harrison
State: MS
Zip Code: 39503
Nearest Cross Street: Seaway Road
Parcel Number: 0909a-01-001.012
Subdivision: Intraplex 10
N or S of I-10: S
N or S of CSX Railroad Track: N

Listing Information

Property Sub Type: Industrial
Listing Service: Full Service

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

Status Change Info

Contract Date/Pending Date: 2022-03-27
Closing Date: 2022-04-26
Sold Price/SqFt: 98.14

More Information

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Location

Industrial Park: Yes

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.

Current Use

Medical/Dental: Yes

Possible Use

Industrial: Yes

Business Type

Health Services: Yes

Sewer

Public Sewer: Yes

Commercial Features

ADA Qualified: Yes
Delivery Door: Yes
Doors 10-15 Feet: Yes
Employee Lounge: Yes
Employee Restrooms: Yes
Maintenance Area: Yes
Public Restroom(s): Yes
Rest Rooms: Yes

Water Source

Public: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Walls - Interior

Sheetrock: Yes

Square Footage Description

Industrial Bldg 2500-5000 SF: Yes
Ofc. Bldg 2500-5000 SF: Yes
Warehouse Up to 5000 SF: Yes

Accessibility Features

Accessible Approach with Ramp: Yes
Accessible Entrance: Yes
Accessible Parking: Yes

Cooling

Central Air: Yes
Electric: Yes
Office Area Only: Yes

Heating

Electric: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick Veneer: Yes
Metal Siding: Yes

Driveway Features

Concrete Drive: Yes

Price Includes

Building and Land: Yes
Leases: Yes

Available Documents

Floor Plan(s): Yes
Leases: Yes

Disclosures

Investment: Yes

Additional Transportation

Interstate 1 Mile or Less: Yes

Listing Office: Cameron Bell Properties, Inc.

Listing Agent: Cameron C Bell

Last Updated: November - 19 - 2024