599 Highland Colony Pkwy Ridgeland, MS 39157-6074
- Office Properties & Spaces
- 14,333 SF
Current Use by Public Records
- Triad Medical Supply LLC / Medical Supply Store
- Hawkins Jared / Employment Attorney
- Markow Walker Pa: Nuzzo Alfonso / Insurance Attorney
- Thompson Brittney / Attorney Referral Service
- Bellegrove Apartments / Apartment Building
Property Details for 599 Highland Colony Pkwy
- Year built
- 1999
- Property size
- 14,333 SF
- Property type
- Office Properties & Spaces
- APN
- 071G-26D-001/91
- APU
- 071G26D00191
Description
This exceptional two-story executive office building, situated on a 1.36-acre lot in Ridgeland, Mississippi, offers a compelling investment opportunity. The 15,881-square-foot property, built in 1999 and zoned C-1, boasts a current occupancy rate of 100%, generating a substantial net operating income (NOI) of $267,051. This translates to an attractive 8.35% capitalization rate, making it an ideal stabilized investment. The asking price is $3,200,000, or $201 per square foot. Conveniently located at 599 Highland Colony Parkway, near the intersection of I-55 and I-220, this property benefits from excellent visibility and accessibility. The building's strong financial performance, coupled with its prime location and high occupancy, presents a rare opportunity for investors seeking a stable and profitable addition to their portfolio. The property features a single building with a total of two stories. Further details are 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
- Ridgeland
- County
- Madison
- State
- Mississippi
- Longitude
- -90.1601
- Latitude
- 32.418
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
