Canton Warehouse Near Amazon
For Sale
Contact for pricing
425 N Union St Ext, Canton, MS 39046
Large warehouse near upcoming Amazon distribution center in Canton, MS.
Property Size88,194 SF
Lot Size3.50 Acres
Price / SF$60.09
Days on Market2246
Property Features for 425 N Union St Ext
General Information
Standard status
Active
Size
88,194 SF
Class
B
Lot size
3.50 Acres
Property subtype
Industrial
Zoning
Industrial
Occupancy
100%
Investment Type
Value Add
Building Details
Year Renovated
2021
Stories
1
Listing Agency:
CBRE - Jackson
Listed By:
Grant Ridgway · License #MS 19145
(601) 899-2801
Source:
Crexi
Added: Aug 14, 2020
Changed: Oct 3
Last Checked: Oct 5 at 7:20PM
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 CBRE - Jackson
Investment Insights
Based on property information with market context.
This warehouse is located in Canton, Mississippi. The building offers a total area of 88194 square feet. It features a fenced yard spanning 3.5 acres. The property is positioned to benefit from the new 3,000,000 square foot Amazon distribution facility currently under construction in Canton. This property is suitable for a 3PL or logistics operator seeking close proximity to Amazon.
Key Highlights
- Located in Canton, MS, near the new 3,000,000 sf Amazon Distribution facility.
- One of the largest remaining warehouse vacancies in Madison County.
- Includes 3.5 acres of fenced yard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$455,158
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,103,160
$9.1M
Cap Rate 7%
$6,502,257
$6.5M
Cap Rate 9%
$5,057,311
$5.1M
Market Conditions
NOI Build-Up for 88,194 SF
Gross rent
$709.1K $8.04/SF
− Vacancy
−$58.9K −$0.67/SF
EGI
$650.2K $7.37/SF
− OpEx
−$195.1K −$2.21/SF
NOI
$455.2K $5.16/SF
Area
Madison County, MS
Vacancy
8.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,103,160
Cap Rate 7%
$6,502,257
Cap Rate 9%
$5,057,311
Alternative Uses
Best Use
Warehouse
$7.90M
$6.91M – $9.21M
NOI $552,692 @ 7.0% cap · market cap 10.43%
Second Best
Industrial
$6.50M
$5.69M – $7.59M
NOI $455,158 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$19.20M
$16.80M – $22.40M
NOI $1,343,907 @ 7.0% cap · market cap 25.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39046, MS
27,866
Population
12,909
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
83%
High-School Grad
311.8 sq mi
ZIP Area
89
Density / Sq Mi
$48,288
Median Household Income
$33,879
Median Earnings
$879
Median Rent
$210,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Large warehouse near upcoming Amazon distribution center in Canton, MS.
Where is this warehouse located?
The property is located at 425 N Union St Ext Canton, MS.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Located in Canton, MS, near the new 3,000,000 sf Amazon Distribution facility.; One of the largest remaining warehouse vacancies in Madison County.; Includes **3.5 acres of fenced yard**.
