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438 Katherine Dr Flowood, MS 39232

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For Sale
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Class A Office, 6,384 SF, 8.25% Cap Rate

Property size:
6,384 SF

Property Features for 438 Katherine Dr

General Information

Property type
Office Properties & Spaces
Square Feet
6,384 SF
Class
A

Building Details

Year Built/Renovated
2008/2023

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Listing Contact
Sam Cox
Sam Cox

Listing Agency: Pinpoint Commercial Real Estate Listing Agent: Sam Cox

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional Class A executive office building, located at 438 Katherine Drive in Flowood, Mississippi, presents a compelling investment opportunity. The 6,384 square foot property boasts 100% occupancy with two national credit tenants, USI and Vericlaim, ensuring a stable and predictable income stream. Built in 2008 and extensively renovated in 2023, including a new roof, the building is in excellent condition and well-maintained. The property offers a strong capitalization rate of 8.25%, making it an attractive addition to any portfolio. Situated in the robust Flowood submarket, with a zip code of 39232, this asset benefits from a prime location within Rankin County. The asking price is $1,154,795. This turnkey investment provides immediate cash flow and long-term growth potential. The property's strong tenant roster and recent renovations minimize future capital expenditures, maximizing return on investment. This is a rare opportunity to acquire a high-quality, fully leased office building in a desirable Mississippi location. Detailed financial information is available upon request.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Real Estate Agency Auto Repair Shop Dental Office Nail Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Flowood
County
Rankin
State
Mississippi
Longitude
-90.0935776
Latitude
32.3319086

FAQs

What type of property is this?
Office Property / Space - Class A Office, 6,384 SF, 8.25% Cap Rate
Where is this office property / space located?
The property is located at 438 Katherine Dr Flowood, MS.
What is the asking price?
The asking price for this property is $1,154,795.
What are key features of this property?
This property features: $1,005,692 Purchase Price; Fully Leased Office Building; National Tenants: USI and VeriClaim
(601) 586-3220 Call to check price and availability
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