124 One Madison Plz Madison, MS 39110
- Office Properties & Spaces
- 16,732 SF
Current Use by Public Records
- Gene Yates & Associates LLC / Financial Planner
- Benchmark Title, LLC / Real Estate Attorney
- Eddie J. Briggs, Attorney, PLLC / General Practice Attorney
- McClellan Law Firm PA / Attorney
- Briggs Properties, LLC / Real Estate Agent
Property Details for 124 One Madison Plz
- Year built
- 2008
- Property size
- 16,732 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A office condo, located at 124 One Madison Plaza in Madison, MS 39110, presents a compelling investment opportunity. The 16,732 square foot space, encompassing the entire second floor, boasts 15,280 square feet of net rentable area and is currently 100% occupied by three separate tenants, generating a substantial net operating income (NOI) of $203,162. Built in 2008, this multi-tenant property offers a stabilized investment with an attractive 8.25% cap rate and a price per square foot of $147.18. The asking price is $2,462,571. This acquisition includes a majority (53.45%) stake in the condo association. Strategically situated in the highly desirable Highland Colony Parkway area, the property benefits from its proximity to Madison Central High School and an abundance of dining and retail options. Convenient access to I-55 ensures easy commutes to Gluckstadt, Ridgeland, Jackson, and Rankin County. This is a rare opportunity to acquire a high-performing, well-located office property in a thriving Mississippi market. The property is classified as both Executive and Traditional Office space.
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
- -90.1544
- Latitude
- 32.4627
