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Biomat USA 416 18th Ave 13,724 SF Office Building Meridian, MS 39301 $3,830,853 ($279.14/SF) 7.25% Cap Rate
Investment Highlights
- Recession-Proof Tenant
- Leading Operator in the Space
- Emerging & Essential Industry
Executive Summary
Surmount is pleased to present the exclusive listing for a Biomat USA located at 416 18th Ave, Meridian, MS 39301. The site consists of roughly 13,724 rentable square feet of building space on an estimated 1.28-acre parcel of land. The current annual rent is $277,737 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
13,724 SF
Building Class
C
Year Built
1955
Price
$3,830,853
Price Per SF
$279.14
Cap Rate
7.25%
NOI
$277,737
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,724 SF
Building FAR
0.25
Lot Size
1.28 AC
Opportunity Zone
Yes
Amenities
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 084-18-1-3486-010-00100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $234,510 |
Property Taxes
Parcel Number
084-18-1-3486-010-00100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$234,510
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Biomat USA | 416 18th Ave
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