Listing Agency: Matthews Real Estate Investment Services Show Phone

Listed By: Eric Roggio Show Phone

Source: Moodyscre

Added: Aug 13, 2025 Changed: Oct 25 Last Checked: Oct 28 at 8:09AM

Report an Issue

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 Matthews Real Estate Investment Services

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This functional facility encompasses approximately 19,653 square feet and is situated on approximately 3.38 acres, resulting in a 13.36% building-to-lot coverage ratio. The property allows for ample outdoor storage opportunities with direct access to U.S. Route 90 (Hwy 90). It is also in close proximity to Interstate 10 (I-10). The Port of Mobile is positioned just 30 miles NE from the site. The property is leased by MRC Global (NYSE: MRC), a global distributor of pipe, valves, fittings (PVF) and infrastructure products and services. MRC Global recently announced it will be acquired by DNOW (NYSE: DNOW) in an all-stock transaction expected to close in the fourth quarter of 2025. Recent improvements have been made to the building’s structure and functionality. These include replacements of the roof and exterior wall panels, enhancements to the exterior concrete and parking lot, a comprehensive overhaul of the property’s drainage and water systems, installments of brand new dock levelers, as well as a complete overhaul of the building’s interior.

Key Highlights

• Strong Global Tenant: MRC Global (NYSE: MRC), a leading distributor with $3B+ in annual revenue.
• Upcoming Acquisition: MRC Global will be acquired by DNOW (NYSE: DNOW) in a $1.5B transaction.
• New Long‑Term Lease & Expansion: MRC Global committed to a new 7‑year Absolute NNN lease.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$154,736

Cap Rate

5.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,094,720 $3.1M

Cap Rate 7%

$2,210,514 $2.2M

Cap Rate 9%

$1,719,289 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,653 SF

Gross rent

$195.7K $9.96/SF

− Vacancy

−$13.7K −$0.70/SF

EGI

$182.0K $9.26/SF

− OpEx

−$27.3K −$1.39/SF

NOI

$154.7K $7.87/SF

Area

Jackson County, MS

Vacancy

7.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,094,720

Cap Rate 7%

$2,210,514

Cap Rate 9%

$1,719,289

Alternative Uses

Best Use

Warehouse

$2.21M

$1.93M – $2.58M (±1% cap)

NOI $154,736 @ 7.0% cap · market cap 5.04%

Second Best

Industrial

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,429 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$5.37M

$4.70M – $6.26M (±1% cap)

NOI $375,828 @ 7.0% cap · market cap 12.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Distribution properties

Suggested Use

Top Pick Building Supply Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Home Appliance Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Warehouse with Central HVAC

6312 Shortcut Road, Moss Point, MS 39563

$465,000

18,000 SF

View details

Warehouse Building

4331 Jackson Avenue, Moss Point, MS 39563

$119,900

15,450 SF

View details

Versatile Industrial Facility Near Highway

6124 Shortcut Rd, Moss Point, MS 39563

$525,000

7,200 SF

View details

Highway Storage Facility

7305 HWY 613, Moss Point, MS 39563

Contact for pricing

View details

Restaurant Building at Highway Junction

6501 Highway 90, Moss Point, MS 39563

$890,000

4,699 SF

View details

Freestanding CVS Pharmacy in Hurley

7021 Hwy 614, Moss Point, MS 39562

Contact for pricing

10,880 SF

View details

Restaurant Property with Bar Infrastructure

5006 Morris Street, Moss Point, MS 39563

$285,000

4,074 SF

View details

Restaurant Building with Equipment

3525 Boone Street, Moss Point, MS 39563

$235,000

3,404 SF

View details

Four-Bay Auto Shop

8117 Highway 63, Moss Point, MS 39563

$199,900

3,480 SF

View details

Industrial Building with Office Space

4020 Jefferson Ave, Moss Point, MS 39563

$365,000

2,800 SF

View details

4-Unit Quadplex Near Highway 90

6443 Jasmine St, Moss Point, MS 39563

$214,000

2,300 SF

View details

4-Unit Quadplex

6418 Walnut Street, Moss Point, MS 39563

$164,000

2,025 SF

View details

Frequently Asked Questions

What type of property is this?

Distribution property - Strategically located industrial facility with outdoor storage and highway access.

Where is this distribution property located?

The property is located at 8013 Highway 90 Moss Point, MS.

What is the asking price?

The asking price for this property is $3,068,000.

What are key features of this property?

This property features: Strong Global Tenant: MRC Global (NYSE: MRC), a leading distributor with $3B+ in annual revenue.; Upcoming Acquisition: MRC Global will be acquired by DNOW (NYSE: DNOW) in a $1.5B transaction.; New Long‑Term Lease & Expansion: MRC Global committed to a new 7‑year Absolute NNN lease.