1511 Bienville Blvd Ocean Springs, MS 39564
- Office Properties & Spaces
- 5,500 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1511 Bienville Blvd
- Year built
- 2021
- Property size
- 5,500 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a single-tenant, Class A medical office building totaling 5,500 square feet, situated on a 15,000-square-foot lot in Ocean Springs, Mississippi. Constructed in 2021, the property boasts a modern design and is currently 100% occupied under a triple-net (NNN) lease with a prominent healthcare provider. The lease commenced March 1, 2021, and has a remaining term of approximately 6.3 years, extending to February 28, 2031, with two five-year renewal options. The building features 19 parking spaces and offers a strong net operating income (NOI) of $132,000, resulting in a compelling 7.14% capitalization rate. The asking price is $1,850,000, translating to $336.36 per square foot. This stabilized investment presents a low-maintenance, high-return opportunity in a prime medical location, benefiting from its proximity to key healthcare facilities and a growing market. The property's single-tenant occupancy and long-term lease provide significant stability and predictable cash flow for investors. The building's modern construction and excellent condition further enhance its appeal. This is a turnkey investment ready for immediate income generation.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocean Springs
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.8185
- Latitude
- 30.4164
