1911 Broadway Dr | Hattiesburg, MS 39402
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1911 Broadway Dr
Hattiesburg, MS 39402
Social Security Administration - New Lease · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Single Credit Tenant - United States Government Lease - Social Security Administration AAA (Moody’s) Credit Rating
- Brand New 2nd Generation 10 Year Lease with 5 Years Firm Term Signed in 2019
- Attractive Available Financing with 75% Loan-to-Value at 4.75% Amortized over 30 Years
- Build-to-Suit Facility for the Social Security Administration in 2008 and renovated in 2020
- Attractive Going-In Capitalization Rate of 8.30% with a Blended Capitalization Rate of Approximately 7.13%
- Years 1-3 Cash-on-Cash Return of 14.42% and a Blended Cash-on-Cash Return of approximately 9.86%
PROPERTY FACTS
Property Type
Building Size
12,209 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,209 SF
Building FAR
0.13
Lot Size
2.08 AC
Zoning
RBD
Parking
57 Spaces (4.67 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 2-039J-20-116.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $18,113 |
PROPERTY TAXES
Parcel Number
2-039J-20-116.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$18,113
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