Social Security Administration 3210 Highway 15 N 8,876 SF Office Building Laurel, MS 39440 $2,079,000 ($234.23/SF) 8.13% Cap Rate

This single tenant leased office investment is a build-to-suit for the Social Security Administration serving as a field office. The 8,876 square foot single story brick building was constructed in 2011. The roof was replaced in 2019. The property is leased to the General Services Administration (GSA), guaranteed by the United States Government. The lease was recently extended from January 21, 2026 to January 20, 2031 of "firm term". In addition to base rent, the tenant pays operating costs plus property tax reimbursement above a 2012 base-year of $20,051. The operating costs increase annually based on a CPI formula. The 1.3 acre site provides ample surface parking and excellent highway visibility on US Highway 15 North
Laurel is the county seat of Jones County, Mississippi, located along Interstate 59 in the southeastern portion of the state. The Laurel Metropolitan Statistical Area serves a trade area population exceeding 85,000 across Jones and Jasper counties. The local economy is anchored by Howard Industries, Wayne-Sanderson Farms, Masonite International, and South Central Regional Medical Center. Jones County GDP reached $3.6 billion in 2024. The city has experienced significant downtown revitalization, gaining national attention through HGTV's Home Town series. The Social Security Administration field office at this location serves Jones County and the surrounding counties of southeastern Mississippi, providing mission-critical federal services to the region and supporting the long-term stability of the tenancy.