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City Centre 2 Office Properties Offered at $7,250,000 in Jackson, MS
INVESTMENT HIGHLIGHTS
- Two Class A Office Towers with institutional quality construction
- Long Term Remaining: over 14+ years remaining on MDHS lease
- Secondary U.S. Government Tenant: U.S. Federal Public Defender (AA+ S&P Credit) occupying 6.7% through 2028
- Primary Tenant: Anchored by the Mississippi Department of Human Services | AA S&P Credit occupying 79.8% of the total square footage
- Rental Escalations: 6.67% rental escalations every 5 years
EXECUTIVE SUMMARY
Call for offers deadline November 20th, 2025
City Centre represents a premier two-tower office complex strategically positioned in downtown Jackson, Mississippi's central business district. The property consists of a 10-story North Tower (128,500 SF on 0.58 acres) and a 12-story South Tower (137,500 SF on 0.4 acres), totaling 266,000 square feet of Class A office space.
The investment is anchored by the Mississippi Department of Human Services (MDHS), an exceptionally strong credit tenant with an AA S&P rating that occupies approximately 69% of the property. MDHS recently renewed their lease in 2019 for a 20-year term, providing 14 years of remaining lease certainty. The tenant has demonstrated expansion within the property, currently occupying three floors in the North Tower and the entirety of the 12-story South Tower.
This acquisition presents a compelling value-add opportunity for new ownership to enhance returns through operational improvements and expense management optimization. The stable, long-term government tenant base combined with strategic repositioning potential creates an attractive risk-adjusted investment profile in Mississippi's capital city.
City Centre represents a premier two-tower office complex strategically positioned in downtown Jackson, Mississippi's central business district. The property consists of a 10-story North Tower (128,500 SF on 0.58 acres) and a 12-story South Tower (137,500 SF on 0.4 acres), totaling 266,000 square feet of Class A office space.
The investment is anchored by the Mississippi Department of Human Services (MDHS), an exceptionally strong credit tenant with an AA S&P rating that occupies approximately 69% of the property. MDHS recently renewed their lease in 2019 for a 20-year term, providing 14 years of remaining lease certainty. The tenant has demonstrated expansion within the property, currently occupying three floors in the North Tower and the entirety of the 12-story South Tower.
This acquisition presents a compelling value-add opportunity for new ownership to enhance returns through operational improvements and expense management optimization. The stable, long-term government tenant base combined with strategic repositioning potential creates an attractive risk-adjusted investment profile in Mississippi's capital city.
PROPERTY FACTS
| Price | $7,250,000 | Number of Properties | 2 |
| Price / SF | $27.26 / SF | Individually For Sale | 0 |
| Cap Rate | 8.75% | Total Building Size | 266,000 SF |
| Sale Type | Investment | Total Land Area | 1.65 AC |
| Status | Active |
| Price | $7,250,000 |
| Price / SF | $27.26 / SF |
| Cap Rate | 8.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 266,000 SF |
| Total Land Area | 1.65 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
City Centre South Tower
200 S Lamar St, Jackson, MS 39201 |
Office | 137,500 SF | 1987 | - |
|
City Centre North Tower
200 S Lamar St, Jackson, MS 39201 |
Office | 128,500 SF | 1987 | - |
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