5440 Executive Place, A, Jackson, MS 39206
$682,300
Property Type:
Commercial Sale
Square Footage:
7,739
Lot Size (sq. ft.):
19,166
Status:
Active
Current Price:
$682,300
List Date:
4/02/2025
Last Modified:
4/09/2025
Description
This 12-unit commercial/retail property is a turnkey investment with strong cash flow and a 10% cap rate. The property is fully leased with tenants on month-to-month leases, providing flexibility for rent adjustments or lease restructuring.
Carefully maintained, the building has no significant deferred maintenance and features recent upgrades, including LED lighting, a new surveillance system, and a freshly restriped parking lot. These improvements enhance security, energy efficiency, and curb appeal, making it an attractive asset for both tenants and investors.
With detailed financial records available, this property offers a stable and profitable investment with a strong rental history. High tenant occupancy ensures steady cash flow, making it a reliable income-generating asset.
More Information MLS# 4108803
Address and Location Information
Parcel Number: 0504-0812-000
Community Of: N/A
Street Number: 5440
Street Name: Executive
Street Suffix: Place
County: Hinds
State: MS
Zip Code: 39206
Unit #: A
Listing Information
Listing Service: Full Service
Status: Active
List Date: 2025-04-01
List Price: $682,300
Current Price: $682,300
Property Sub Type: Office
General Property Information
Property Sub Type: Office
New Construction: No
Approx Lot Size Acres: 0.44
SqFt Source: Owner
List Price/SqFt: 88.16
Year Built Source: Public Records
Total Floors: 2
Accessibility Features: No
Approx H/C SqFt: 7739
Year Built: 1982
Tax and Financial Information
Tax Annual Amount: 6562
Tax Year: 2024
Flood Insurance Required?: Subject to Survey
Leasehold Y/N: No
Legal Description: UNIT A B C & D OF EXECUTIVE PLACE PATIO OFFICES CONDOMINIUMS PT 1 IN S 1/2 SEC 12 T6N R1E & 100% INT IN COMMON AREA AS DESC IN CONDOMINIUM BOOK 1 PG 255
Remarks & Miscellaneous
Public Remarks: This 12-unit commercial/retail property is a turnkey investment with strong cash flow and a 10% cap rate. The property is fully leased with tenants on month-to-month leases, providing flexibility for rent adjustments or lease restructuring.
Carefully maintained, the building has no significant deferred maintenance and features recent upgrades, including LED lighting, a new surveillance system, and a freshly restriped parking lot. These improvements enhance security, energy efficiency, and curb appeal, making it an attractive asset for both tenants and investors.
With detailed financial records available, this property offers a stable and profitable investment with a strong rental history. High tenant occupancy ensures steady cash flow, making it a reliable income-generating asset.
Current Use
Commercial: 1
Income & Expenses
Annual Electric Expense: 10300
Annual Insurance Expense: 5830
Annual Maintenance Expense: 4200
Annual Net Income: 67964
Annual Operating Expenses: 10512
Annual Water/Sewer Expense: 1400
Gross Operating Income: 105480
Vacancy Factor: 5.0%
Business Type
Accounting: 1
Advertising: 1
Aquarium Supplies: 1
Barber/Beauty: 1
Decorator: 1
Electronics: 1
General Business: 1
Photographer: 1
Professional Service: 1
Professional/Office: 1
Levels
Two: 1
Showing Requirements
Showing: Appointment Required
Square Footage Description
Ofc. Bldg 5000-10000 SF: 1
Retail Bldg Over 5000 SF: 1
Auction
Auction: No
Basement Features
Basement: No
Parking Spaces
# Parking Spaces Uncovered: 27
Uncovered Parking?
26-50 Spaces: 1
Property Features
Business Type: Accounting; Advertising; Aquarium Supplies; Barber/Beauty; Decorator; Electronics; General Business; Photographer; Professional Service; Professional/Office
Current Use: Commercial
Levels: Two
Square Footage Description: Ofc. Bldg 5000-10000 SF; Retail Bldg Over 5000 SF
Listing Office:
JDJ Realty
Listing Agent:
Kim Bobbitt
Last Updated: April - 09 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.