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Price: $11,110,000
CAP Rate: 13.00%
Address: 110 Le Barry Rd.
City: Natchez
State: MS
Zip: 39120
Year Built: 1976, 1979, 1992
| Down Payment: $11,110,000
Sq. Ft.: 447,800
Status: Available
NOI: $1,453,200
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Description:
Capital Commercial Partners is pleased to bring to market this 447,800 SF industrial facility in Natchez, MS. The property is occupied by Bulova Technologies Group, Inc. The tenant will execute a new 15 year NNN lease with 10% rent increases every 5 years at close of escrow. The property is strategically located within the Natchez Adams Industrial Port located on the east side of the Mississippi River and just South of Natchez. The development is protected by a levee built by the Port Authority. The facility will always be attractive to industrial users due to its location on the Mississippi River and direct rail access. This opportunity offers investors an above market return without management responsibilities.
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Investment Highlights:
13% CAP rate
Tenant to execute new 15 year NNN lease at close of escrow
Priced at $24.81 PSF, substantially below replacement cost!
$500,000 in recent capital improvements including new roof
Delivered free and clear of debt
Financing Summary:
None
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