438 Katherine Dr Flowood, MS 39232
- Office buildings
- 6,493 SF
Current Use by Public Records
- American Lung Association / Association / Organization
- Webbie Nolden / Medical Specialist
Property Details for 438 Katherine Dr
- Year built
- 2009
- Property size
- 6,493 SF
- Property type
- Office buildings
- APN
- F10J000015 01100
- APU
- F10J00001501100
Description
This exceptional Class A executive office building, located at 438 Katherine Drive in Flowood, Mississippi, presents a compelling investment opportunity. The 6,384 square foot property boasts 100% occupancy with two national credit tenants, USI and Vericlaim, ensuring a stable and predictable income stream. Built in 2008 and extensively renovated in 2023, including a new roof, the building is in excellent condition and well-maintained. The property offers a strong capitalization rate of 8.25%, making it an attractive addition to any portfolio. Situated in the robust Flowood submarket, with a zip code of 39232, this asset benefits from a prime location within Rankin County. The asking price is $1,154,795. This turnkey investment provides immediate cash flow and long-term growth potential. The property's strong tenant roster and recent renovations minimize future capital expenditures, maximizing return on investment. This is a rare opportunity to acquire a high-quality, fully leased office building in a desirable Mississippi location. Detailed financial information is available upon request.
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
- Jackson
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.0937
- Latitude
- 32.3319
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
