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1760 Medical Park Dr 9,334 SF Office Building Biloxi, MS 39532 $2,819,125 ($302.03/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Lease: Fully leased to U.S. Oral Surgery Management (USOSM) with approximately 7 years remaining on a NNN lease featuring 3% annual increase
- Excellent Visibility & Demographics: Approx. 80k VPD on I-10 near the property and a population of over 72.5k within a 5-mile radius (MDOT).
- Cedar Lake medical hub near major providers like Memorial Health System.
- Established & Growing Tenant: Established in 2017, USOSM is the largest U.S. company dedicated exclusively to oral and maxillofacial surgery mgmt.
- Gulf Coast Oral & Facial Surgery: The longstanding practice partnered with industry leader USOSM in 2023 for enhanced stability and growth in a prime
EXECUTIVE SUMMARY
Randall Commercial Group, LLC is pleased to offer for sale a single-tenant medical investment property located in Biloxi, Mississippi. This investment opportunity is fully leased to U.S. Oral Surgery Management (USOSM), which has approximately 7 years remaining on a NNN lease. USOSM is the first and largest U.S. company dedicated exclusively to oral and maxillofacial surgery management, partnering with 260+ board-certified surgeons across 220+ locations in 31 states. The property has excellent visibility from I-10 in a strong medical and commercial thoroughfare.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
9,334 SF
Building Class
A
Year Built
2015
Price
$2,819,125
Price Per SF
$302.03
Cap Rate
6.75%
NOI
$190,291
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,334 SF
Building FAR
0.21
Lot Size
1.03 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- US Oral Surgery Managment, LLC
- Health Care and Social Assistance
- -
- -
- Triple Net
- Oct 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| US Oral Surgery Managment, LLC | Health Care and Social Assistance | - | - | Triple Net | Oct 2032 |
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PROPERTY TAXES
| Parcel Number | 1208P-01-003.016 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $102,678 |
PROPERTY TAXES
Parcel Number
1208P-01-003.016
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$102,678
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1760 Medical Park Dr
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