406 Enterprise Dr Oxford, MS 38655
- Office Properties & Spaces
- 6,400 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 406 Enterprise Dr
- Year built
- 2024
- Property size
- 6,400 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 6,400 square foot executive office building, located at 406 Enterprise Dr, Oxford, MS 38655, is offered for sale at $2,275,555. Built in 2024, this single-story building boasts a 100% occupancy rate with a current NNN lease in place for 10 years, commencing October 31, 2023, and expiring October 30, 2033. The property enjoys a prime location within the Oxford Commons master-planned community, a thriving development featuring residential, retail, and commercial spaces. Oxford Commons offers high visibility with three major access points: Highway 7, Highway 30, and Sisk Avenue. The building's proximity to Oxford Square, the new Oxford High School, and the University of Mississippi ensures high demand and strong tenant interest. The surrounding area includes a significant number of new homes, a new high school campus, and various hospitality options, including hotels and a convention center. This presents a compelling investment opportunity with a projected 7.39% cap rate. The property is currently 100% occupied, with the occupancy date set for February 1, 2024. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Lafayette
- State
- Mississippi
- Longitude
- -89.4972
- Latitude
- 34.3723
