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4540 W Railroad St 5,132 SF 3% Leased Office Building Gulfport, MS 39501 $999,000 ($194.66/SF)
INVESTMENT HIGHLIGHTS
- Stable Long term Tenant since 2007
- Close to main hospital campus
- MHG is the largest hospital group in South Mississippi
EXECUTIVE SUMMARY
Southeast Commercial is pleased to present a prime medical office investment opportunity located at 4540 W Railroad, Gulfport, MS. This property has been consistently leased to a stable, long-term tenant since 2007, providing reliable income for investors. The tenant, Memorial Hospital Gulfport, is the largest and most prominent hospital group in South Mississippi, further underscoring the strong demand for medical facilities in the area. The building is conveniently situated near the main hospital campus, enhancing its accessibility for patients and staff alike. Recent upgrades, including a newly installed roof, new flooring and one new HVAC unit ensuring the property is in excellent condition and provides a solid, long-term investment. Additionally, the lease structure is a Modified Gross lease, offering a balance of tenant and landlord responsibilities. Rental increases every year after the initial term. This opportunity combines a stable income stream with a prime location, making it an ideal addition to any investment portfolio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,132 SF
Building Class
B
Year Built
1990
Price
$999,000
Price Per SF
$194.66
Percent Leased
3%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,132 SF
Building FAR
0.23
Lot Size
0.51 AC
Parking
29 Spaces (5.65 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Memorial Physician Clinic
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Memorial Physician Clinic | Health Care and Social Assistance | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 0711O-05-003.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $61,221 |
PROPERTY TAXES
Parcel Number
0711O-05-003.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$61,221
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4540 W Railroad St
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