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1511 Bienville Blvd Ocean Springs, MS 39564

OFF-MARKET Office Spaces Google Maps
5,500 SF Built 2021
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 2021
Total area 5,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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