Property profile

5370 Old Highway 42 Hattiesburg, MS 39401

OFF-MARKET
Warehouses
284,294 SF 13.28 ac lot Built 1969
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Property summary

AI-generated overview

This expansive 284,294 square foot industrial warehouse, situated on 13.28 acres in Hattiesburg, Mississippi, presents a compelling investment opportunity. Built in 1969, this single-story Class C building features 12 dock-high doors and impressive 20-foot clear ceiling heights, providing highly functional space for a variety of industrial uses. Currently operating as a multi-tenant property with three tenants occupying 30% of the space, approximately 60,000 square feet is already leased to third-party tenants. The property boasts multiple access points and benefits from a strategic location between New Orleans and Jackson, MS, near the crossroads of I-59 and Highway 49. This prime location within the Pine Belt region of Mississippi places it near a concentration of major distribution, warehousing, manufacturing, and logistics facilities. The property's proximity to the University of Southern Mississippi and numerous major businesses further enhances its appeal. This corporate-owned asset is ideal for third-party logistics, light manufacturing, and other industrial applications, offering significant potential for growth and return on investment. The property is for sale by owner and on-site inspections are available by appointment only.

Property profile

Verified
Property type Warehouses
Year built 1969
Total area 284,294 SF
Lot 13.28 ac (578,477 SF)

Cap rate & NOI

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

Location

5370 Old Highway 42 Hattiesburg, MS 39401
Hattiesburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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