Ridgeland Office Building For
690 Towne Center Blvd, Ridgeland, MS
Call to check price and availability
7,300 SF office building with long-term lease in place.
Type:OFFICE
Property size:
7,300 SFLot size:
628.06 Acres- Added:
- Nov 24, 2025
- Days on Market:
- 169
- Last Refresh:
- Apr 5 at 8:44 pm
Property Features for 690 Towne Center Blvd
General Information
- Standard status
- Active
- Size
- 7,300 SF
- Lot size
- 628.06 Acres
- Property subtype
- OFFICE
Listing agent Hugh Johnson
Listing office J. Walter Michel Agency, Inc. (601) 352-0757
Listing date Nov 24, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of J. Walter Michel Agency, Inc.
HighLights
- High average cap rate of +/- 9.6% for the lease term, increasing to +/- 10% for the final 3 years.
- 64‑month modified gross lease executed with a 25+ year established law firm, starting September 1, 2025, with rent increase after 28 months.
- Substantial recent upgrades: Over $100,000 spent in October and November 2024.
- Large 7,000 SF space on the 1st floor.
- Relatively new roof (less than 4 years old as of 2025).
- Fire sprinkler system installed, potentially lowering insurance costs.
Overview
This property features a 7,000-square-foot space on the first floor, complemented by an additional 300 square feet of unfinished space on the second floor. The building underwent significant upgrades in October and November 2024, with over $100,000 invested to enhance its condition. A fire sprinkler system is in place, contributing to lower insurance costs. The roof is less than 4 years old as of 2025. A 64-month modified gross lease has been executed with a law firm established for over 25 years. The lease commences on September 1, 2025, and includes a rent increase after the 28th month. As part of the lease agreement, the tenant is responsible for utilities, janitorial services, and communication expenses. The average cap rate for the lease term is approximately 9.6%, with the cap rate increasing to approximately 10% for the final 3 years of the lease.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
LEFOLDT & Co.
Corporate Office
Matthews, Cutrer and Lindsay ...
Accounting Firm
Location Insight
- Map
- Local Demand
- City
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.1217
- Latitude
- 32.4079
Nearby Similar for Lease
FAQs
What type of property is this?
Office building - 7,300 SF office building with long-term lease in place.
Where is this office building located?
The property is located at 690 Towne Center Blvd Ridgeland, MS.
What are key features of this property?
This property features: High average cap rate of +/- 9.6% for the lease term, increasing to +/- 10% for the final 3 years.; 64‑month modified gross lease executed with a 25+ year established law firm, starting September 1, 2025, with rent increase after 28 months.; Substantial recent upgrades: Over $100,000 spent in October and November 2024.
