2438 Highway 98 Columbia, MS 39429
- Office Properties & Spaces
- 18,049 SF
Current Use by Public Records
- BlueRoc / Association Or Organization
Property Details for 2438 Highway 98
- Property size
- 18,049 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents the fee simple interest in a newly renovated, 18,049-square-foot office building located at 2438 Hwy 98 E, Columbia, Mississippi. The property, situated on 4.75 acres, serves as the headquarters for Yak Access, LLC, a wholly-owned subsidiary of United Rentals. The building is 100% leased under a 10.2-year NNN lease, offering strong, long-term income potential. The property boasts a compelling 8.75% capitalization rate and a net operating income (NOI) of $508,562, making it an attractive investment. Strategically located in the heart of Yak Access's employee base and labor pool within Mississippi's Pine Belt region, the property enjoys excellent regional access to major interstates I-59, I-10, and I-20. Furthermore, its proximity to Hattiesburg-Laurel Regional Airport (PIB) provides convenient access to commercial air service. This modernized facility is situated in a Qualified Opportunity Zone, offering additional investment incentives. The asking price for this prime commercial real estate is $5,800,000. This is a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant and favorable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Marion
- State
- Mississippi
- Longitude
- -89.7059
- Latitude
- 31.269
