14401 Cullen St, Biloxi, MS 39532

This exceptional investment opportunity presents a newly constructed (2024), fully occupied (100%), Class A flex space building in Biloxi, Mississippi. The property, located at 14401 Cullen Street, boasts 4,100 square feet on a 0.33-acre lot and features two separate units, each offering approximately 550 square feet of office space and 1,500 square feet of warehouse space. Each unit includes a 12x14' roll-up door, 22-foot ceilings, LED lighting, and 240-amp 3-phase electrical service. The building is constructed with a steel frame, metal interior wall framing, custom brick and vertical siding exterior, and a metal roof. Ample paved parking is available. The property benefits from excellent visibility on Cullen Street, with proximity to I-10, Big Ridge Road, and Exit 50. Currently operating under a triple-net (NN+) lease with 5% annual rent bumps, the lease term is three years, commencing May 1, 2024, and expiring April 30, 2027, with two three-year renewal options. The Net Operating Income (NOI) is $89,592, resulting in a 6.64% cap rate. The property is zoned A-2. This turnkey investment offers a strong return and significant upside potential in a thriving industrial area with easy access to the Biloxi Industrial Park and the Port of Gulfport. The building's modern design, energy-efficient features, and strategic location make it an ideal investment for discerning buyers.