1014 Flowood Dr Flowood, MS 39232-9532
- Warehouses
- 29,810 SF
Nov 12, 2021
Current Use by Public Records
- Warehouses
Property Details for 1014 Flowood Dr
- Year built
- 1976
- Property size
- 29,810 SF
- Property type
- Warehouses
- APN
- F10I000005 00200
- APU
- F10I00000500200
Description
Exceptional investment opportunity: a 32,515-square-foot Class B warehouse in Flowood, Mississippi. This single-tenant, stabilized property is fully occupied by a credit-rated tenant, Trace Aviation, a leading King Air landing gear exchange and overhaul provider. The lease is a NNN structure with annual rent bumps of 2.5%. The building features four dock-high doors with canopy covering, and is fully climate-controlled (HVAC system overhauled in 2024). Significant recent and planned improvements include a new sprinkler system installation, a new hydro-stop roof coating with a 15-year warranty, and a new office area currently under construction. Strategically located in the robust Flowood submarket, minutes from the international airport, this property offers a secure and high-return investment. The property boasts 100% occupancy and a strong tenant profile, making it an ideal addition to any portfolio. This is a rare opportunity to acquire a well-maintained, high-quality industrial asset in a prime location.
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
- Flowood
- County
- Rankin
- State
- Mississippi
- Longitude
- -90.1018
- Latitude
- 32.3273
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
