5370 Old Highway 42, Hattiesburg, MS 39401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.