124 One Madison Plz Madison, MS 39110
- Office Properties & Spaces
- 16,732 SF
Current Use by Public Records
- Gene Yates & Associates LLC / Financial Planner
- Benchmark Title, LLC / Real Estate Attorney
- Eddie J. Briggs, Attorney, PLLC / General Practice Attorney
- McClellan Law Firm PA / Attorney
- Briggs Properties, LLC / Real Estate Agent
Property Details for 124 One Madison Plz
- Year built
- 2008
- Property size
- 16,732 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents the chance to acquire the entire second floor of One Madison Plaza, a Class A office building located at 124 One Madison Plz, Madison, MS 39110. The 16,732 square foot space boasts 15,280 square feet of net rentable area, currently 100% occupied by three separate tenants, generating a substantial net operating income (NOI) of $203,162. Built in 2008, this two-story building offers a strong 8.50% capitalization rate and is priced at $2,390,150 ($142.85 per square foot). This acquisition also includes a majority (53.45%) stake in the condo association. The property enjoys a prime location in the highly desirable Highland Colony Parkway area of the Jackson metro, offering easy access to I-55 and proximity to numerous amenities, including fine dining, retail options, and Madison Central High School. Its strategic location ensures convenient commutes to Gluckstadt, Ridgeland, Jackson, and Rankin County. This is a rare opportunity to acquire a stabilized, high-performing office investment in a thriving Mississippi market. The strong tenancy and attractive financial metrics make this a compelling investment prospect for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Mississippi
- Longitude
- -90.1544
- Latitude
- 32.4627
