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10060 Highway 178 44,500 SF 10% Leased Industrial Building Olive Branch, MS 38654 $2,050,000 ($46.07/SF) 11% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Majority of the building has been improved
  • Rare clear heights with wide column widths
  • Rare acreage available in Olive Branch

EXECUTIVE SUMMARY

PRICE REDUCED! We just dropped the price by nearly $450,000. The new price is $2,050,000. Listed Cap Rate is upon full stabilization; the property has one existing tenant who could remain for an investor or they could move if an owner/user wanted this property. This is a rare property in Olive Branch due to the combination of square footage and the available acreage. 44,500 SF on over 9 acres. The building has been recently improved and cleaned up from previous uses. It boasts 31 feet clear in the center of the building and has wide columns allowing for efficient use of the space. There are multiple demised spaces that could be easily opened up for a user; but it sets up nicely for multiple tenants if you are buying as an investment.

PROPERTY FACTS

Price $2,050,000
Price Per SF $46.07
Sale Type Investment or Owner User
Cap Rate 11%
Sale Condition Lease Option
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 9.19 AC
Rentable Building Area 44,500 SF
No. Stories 1
Year Built/Renovated 1966/2023
Parking Ratio 0.51/1,000 SF
Clear Ceiling Height 31’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 13
Zoning C-2 - Currently Highway commercial; but Olive Branch has this property planned for Industrial zoning.

AMENITIES

  • Signage
  • Storage Space
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water - City
  • Sewer - City
  • Heating

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Badger Inc
  • Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Badger Inc Services - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - 1-2
  • 10,000 SF
  • Industrial
  • -
  • Now

This vacancy is the premier space in the larger 44,500 SF building. It has renovated office, 1 oversized dock, and 2 drive in doors.

  • 1st Fl - 11
  • 3,600 SF
  • Industrial
  • -
  • Now

Great space for a diesel mechanic with oversized drive-in doors and wide open space with no columns

  • 1st Fl - 16-17
  • 12,500 SF
  • Industrial
  • -
  • Now

Excellent light manufacturing space with very wide columns and tall clear heights.

Space Size Space Use Condition Available
1st Fl - 1-2 10,000 SF Industrial - Now
1st Fl - 11 3,600 SF Industrial - Now
1st Fl - 16-17 12,500 SF Industrial - Now

1st Fl - 1-2

Size
10,000 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - 11

Size
3,600 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - 16-17

Size
12,500 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - 1-2

Size 10,000 SF
Space Use Industrial
Condition -
Available Now

This vacancy is the premier space in the larger 44,500 SF building. It has renovated office, 1 oversized dock, and 2 drive in doors.

1st Fl - 11

Size 3,600 SF
Space Use Industrial
Condition -
Available Now

Great space for a diesel mechanic with oversized drive-in doors and wide open space with no columns

1st Fl - 16-17

Size 12,500 SF
Space Use Industrial
Condition -
Available Now

Excellent light manufacturing space with very wide columns and tall clear heights.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1067350000000500
Land Assessment
$34,500
Improvements Assessment
$122,768
Total Assessment
$157,268
  • Listing ID: 36047875

  • Date on Market: 5/30/2025

  • Last Updated:

  • Address: 10060 Highway 178, Olive Branch, MS 38654

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