Description

The subject parcel is a 53.25± acre rectangular shaped tract that is located at 12450 Glascock Drive in Gulfport, MS. The primary site includes approximately 25 acres; the remaining 28.25 acres is excess land.

The subject property is currently improved with a single tenant industrial/manufacturing type building graded average class S.
According to information provided by the county appraiser' s office, and on-site inspection by Baker Valuation, Inc., the improvements contain 166,356 square feet more or less.

The improvements consist of the following:

BUILDING COMPONENTS

156,756± SF Manufacturing Building (Average Class S)
9,600± SF Office / Administration Building (Very Good Class B)
The walls are constructed of insulated metal.
Entire site is fenced.
Carpet, marble flooring in office
2 7-fixture restrooms in office
2' x 4' lay-in fluorescent lighting in office
Metal roof.
Slab on grade.
16 to 24 concrete slab foundation.
Concrete block and metal foundation walls
Breakroom / lunch area
Training / Meeting room with sheetrock walls, concrete block
Manufacturing area includes 32' eave height
5 overhead Cranes

The subject property is located on Glascock Drive, immediately west of Lorraine Road (Highway 605) and approximately 1 mile south of Interstate 10 in Gulfport. The neighborhood is commonly referred as the City of Gulfport and more broadly, the Mississippi Gulf Coast area.

The subject's neighborhood lies in the revitalization stage of the life cycle. All of the infrastructure and amenities necessary for growth and desirability of the neighborhood for most types of commercial and industrial uses are available; there has been some new development and redevelopment in the area for commercial purposes over the past several years. Most of the major corridor areas are seeing increasing building activity; new development is taking place all through the Gulfport area. The subject lies in an industrial development area and is surrounded by complementary uses. There is ample vacant land for similar industrial properties to be developed in the coming years. This trend is likely to continue for the near future. The expected trend is also for continued development and re-development of the subject' s immediate market area.

Please refer to Wall Street Journal & Birmingham News Articles

Attachments

• Community Document(23 KB)
• Pro Forma(11 KB)