108 River Pines Cove, Flowood, MS 39232 (MLS# 1344006)

108 River Pines Cove, Flowood, MS 39232

$3,475,000

Property Type: Commercial Sale Square Footage: 32,000 Lot Size (sq. ft.): 158,123 Status: Closed

Current Price: $3,475,000 List Date: 9/07/2021 Last Modified: 11/19/2024

Overview

Description

Two buildings totaling 32,000+/- square feet on 3.63+/- acres leased to L&W Supply Corporation through July 2028 with guaranty from ABC Supply Co., Inc. Leases are NNN with Landlord obligations for capitalized expenses related to concrete yard area and HVAC systems. Eighty-two months remain on the initial term with 2% annual base rent increases. Tenant has two ?ve year renewal options remaining, also with two percent annual increases.

Listing Details MLS# 1344006

General Property Information

Approx Lot Size Acres: 3.63
Approx H/C SqFt: 32000
SqFt Source: Owner
List Price/SqFt: 109.84
Year Built: 2002
Year Built Source: Builder
Total Floors: Yes
Bathrooms Half: 4
Fireplace: No
Accessibility Features: Yes
Property Sub Type: Industrial

Property Features

Business Type: Distribution Warehouse Commercial Features: Delivery Door; Dock Height Loading; Door Sign; Doors 16-20 Feet; Fenced; Fire Sprinkler System; Grade Loading; Levelers; Load Dock Grade; Security System Electricity Features: Three Phase Location: City Street Lighting: High Pressure Sodium; Other Flooring: Concrete Cooling: Central Air; Zoned Heating: Central; Electric; Zoned; Other Utilities: Electricity Available; Water Available Sewer: Public Sewer Water Source: Public Foundation Details: Concrete Perimeter; Slab Listing Terms: Cash Roof: Metal Exterior Features: Rain Gutters Parking Features: On Site; Paved Available Documents: Blueprints; Drawings; Floor Plan(s); Leases; Photographs; Plot Plan/Survey; Other Lot Size Range: 1 to 5 Acres

Address and Location Information

Street Number: 108
Street Name: River Pines
Street Suffix: Cove
County: Rankin
State: MS
Zip Code: 39232
Parcel Number: F10A000002 00013
Subdivision: Metes And Bounds

Listing Information

Property Sub Type: Industrial
Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 28550
Tax Year: 2020
Flood Insurance Required?: Yes
Leasehold Y/N: No
Association: No
Legal Description: See deed
Complex Name: L&W Building Supply

Status Change Info

Contract Date/Pending Date: 2021-11-08
Closing Date: 2022-08-19
Sold Price/SqFt: 108.59

More Information

Commercial Features

% Leased: 100
Number of Tenants: Yes

Showing Requirements

Showing: Appointment Required

Listing Office: Overby, Inc.

Listing Agent: Scott Overby

Last Updated: November - 19 - 2024

108 River Pines Cove, Flowood, MS 39232 (MLS# 1344006)