124 Kimball Dr Madison, MS 39110
- Industrial properties
- 18,872 SF
- 1.74 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 124 Kimball Dr
- Year built
- 2003
- Lot size
- 1.74 lot acres
- Property size
- 18,872 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional investment opportunity presents a stabilized, multi-tenant flex property ideally situated in the thriving Madison, Mississippi market. The property, located at 124 Kimball Dr, Madison, MS 39110, boasts a total of 18,872 square feet across two single-story buildings, constructed in 2003. Currently enjoying 100% occupancy with seven diverse tenants representing retail, entertainment, and service industries, this asset offers a strong, stabilized income stream. The property features 11 loading docks, providing ample logistical capabilities. Each unit is equipped with individually controlled HVAC systems and separate meters for gas and electricity, ensuring efficient utility management and tenant satisfaction. The 1.74-acre lot is zoned C-2, allowing for flexibility in future development or expansion. The property offers an attractive 8.01% cap rate with a net operating income (NOI) of $340,000 and an asking price of $4,200,000. Its convenient location just off Interstate 55 provides excellent visibility and accessibility, further enhancing its investment appeal. Rent bumps are in place, ensuring future income growth. This is a rare opportunity to acquire a high-performing flex property in a rapidly expanding market. The property's strong tenant mix, high occupancy rate, and strategic location make it an ideal addition to any investment portfolio. The APN is 082H-28-007-04-00.
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
- -90.097
- Latitude
- 32.5128
