1125 Weems StPearl, MS 39208

This exceptional Rankin County industrial property offers 35,000 to 175,000 square feet of versatile warehouse space, ideal for distribution, cold storage, or general warehousing needs. The property consists of three Class B buildings, each single-story, totaling 175,000 net rentable square feet, situated on a 14-acre lot at 1125 Weems St, Pearl, MS 39208. Currently vacant, this property presents a unique opportunity for immediate occupancy. The asking price is $4,600,000, representing a pro-forma cap rate of 22.83% and a pro-forma NOI of $1,050,000. The property features 24 loading docks and 24 dock-high doors, with ceiling heights ranging from 18 to 30 feet. Significant improvements are planned for completion in 2025, including a new truck court enabling cross-dock capabilities, approximately 8 acres of fenced outdoor storage, interior upgrades (paint, insulation repair, roof repairs as needed, and new LED lighting). The property also includes approximately 10,000 square feet of refrigerated space and 40,000 square feet of freezer space, which can be reactivated. The property is zoned I-1 and benefits from a highly desirable location near the intersection of Interstates 20 and 55, with convenient access via the new Pearson Road Interchange. This is a NNN lease property.