Share This Listing

Message

929 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Southaven Medical Office 7672-7680 Airways Blvd 9,415 SF 100% Leased Office Building Southaven, MS 38671 $1,700,587 ($180.62/SF) 8% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 100% Leased - Medical Investment Opportunity

EXECUTIVE SUMMARY

CRYE-LEIKE COMMERCIAL is pleased to present a prime medical office investment opportunity - 100% leased - in the heart of Southaven, Mississippi. Situated strategically across from Baptist Hospital, this property stands as a cornerstone in the Desoto County medical district.
Boasting a robust investment profile, this two-story brick veneer office building is perched on a sprawling 1.1-acre site. The property, constructed in 1991, encompasses approximately 9,300 square feet of meticulously designed space. The thoughtful architecture and prime location make it an ideal asset for discerning investors seeking a foothold in the thriving healthcare sector.
One of the key features that sets this property apart is its occupancy by three well-established medical tenants, each with a long-standing history at this location. Their presence not only underscores the property's desirability but also provides a stable and reliable income stream for potential investors.
Parking is a breeze with the property's abundant three-sided parking layout, ensuring convenient accessibility to each of the three suites. This feature enhances the overall appeal for both tenants and visitors, making it a seamless experience for all involved.
Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a secure entry into the commercial real estate market, this medical office investment in Southaven promises a combination of stability, strategic location, and long-term potential. Don't miss the opportunity to be part of the vibrant Desoto County medical district – inquire now and secure your stake in this prime commercial property.
901.758.5670 901.262.2055

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
9,415 SF
Building Class
C
Year Built
1991
Price
$1,700,587
Price Per SF
$180.62
Cap Rate
8%
NOI
$136,047
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,697 SF
Slab To Slab
11’
Building FAR
0.19
Lot Size
1.13 AC
Zoning
R-9 - Office
Parking
32 Spaces (3.4 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1079300000000303
Land Assessment
$36,917
Improvements Assessment
$110,256
Total Assessment
$147,173
  • Listing ID: 30054794

  • Date on Market: 11/14/2023

  • Last Updated:

  • Address: 7672-7680 Airways Blvd, Southaven, MS 38671

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}