15224 W Creosote Road, Gulfport, MS 39503 (MLS# 3322284)

15224 W Creosote Road, Gulfport, MS 39503

$2,145,000

Property Type: Commercial Sale Square Footage: 11,315 Lot Size (sq. ft.): 115,870 Status: Closed

Current Price: $2,289,168 List Date: 7/10/2017 Last Modified: 11/19/2024

Overview

Description

This is the sale of a Primary 16th Section Leasehold interest. 2 Sub-Leasehold interests have been sold to MAACO operator and Kayak Store owner. These two sub-leaseholders pay their prorata share of the Primary Leasehold. The strip center pays their prorata share and the 16th Sec. Lease Payments is passed through to the tenants on a per SF basis. Landlord is responsible for Exterior of building including the roof, walls, parking lot, landscaping and any exterior plumbing. Spaces are built out to vanilla box (i.e. sheetrock walls ready for paint; two restrooms; drop ceilings with lighting; standard electrical, HVAC equal to 1 ton per every 300 SF of space. All tenants have negotiated Tenant Improvement Allowances from $10/SF to $20/SF. Buyer to verify all info.

Listing Details MLS# 3322284

General Property Information

Approx Lot Size Acres: 2.66
Lot Size Dimensions: Irregular
Approx H/C SqFt: 11315
SqFt Source: Plans
List Price/SqFt: 189.57
Year Built: 2017
Year Built Source: Other
Accessibility Features: Yes
Property Sub Type: Other
New Construction: Yes
Property Condition: New Construction

Property Features

Possible Use: Barber/Beauty; Medical/Dental; Office; Retail Commercial Features: 220 Volt Power; ADA Qualified; Display Window(s) Electricity Features: 220 Volts Lot Features: Cleared; Corner Lot; Level Location: City Street; Interstate Exchange Square Footage Description: Retail Bldg Over 5000 SF Covenants And Restrictions: Easements; Other; See Remarks Expenses Include: Common Area; Insurance; Taxes; Other; See Remarks Flooring: Other; See Remarks Cooling: Central Air Heating: Central; Electric; Separate Meters Sewer: Public Sewer Water Source: Public Foundation Details: Slab Parking Features: On Site Additional Transportation: Airport 1 Mile or Less; City Street; Interstate 1 Mile or Less Price Includes: Building and Land; Ground Lease; Signage Available Documents: APOD; Demographics; Marketing Package; Survey; Traffic Count

Address and Location Information

Street Number: 15224
Street Direction: W
Street Name: Creosote
Street Suffix: Road
County: Harrison
State: MS
Zip Code: 39503
Parcel Number: 0809e-02-002.000
Subdivision: Metes And Bounds
Directions to Property: Off Highway 49 turn west onto West Creosote/Factory Shoppes Blvd. Property is on the right at the drive into Home Depot. All NNN Charges are passed through to Tenants. Listing includes West Creosote Plaza and MAACO. Everything Kayak owns a sub-ground lease and pays their prorata share of land taxes and 16th Section Ground Lease. They are billed separately for their improvement taxes.
N or S of I-10: S
N or S of CSX Railroad Track: S

Listing Information

Property Sub Type: Other

Tax and Financial Information

Zoning: Hwy Commercial District
Legal Description: DR: 2015-0001655-D-J1 03/20/2015-LE LEASED FROM HARRISON COUNTY SCHOOL DISTRICT 3/10/2015 TO 3/09/2055 WITH A SECONDARY

Status Change Info

Contract Date/Pending Date: 2019-05-22
Closing Date: 2019-06-26
Sold Price/SqFt: 189.57

More Information

Commercial Features

Number of Restrooms: 10
220 Volt Power: Yes
ADA Qualified: Yes
Display Window(s): Yes

Parking Features

Parking Total: 25
On Site: Yes

Location

City Street: Yes
Interstate Exchange: Yes

Remarks & Miscellaneous

Public Remarks: This is the sale of a Primary 16th Section Leasehold interest. 2 Sub-Leasehold interests have been sold to MAACO operator and Kayak Store owner. These two sub-leaseholders pay their prorata share of the Primary Leasehold. The strip center pays their prorata share and the 16th Sec. Lease Payments is passed through to the tenants on a per SF basis. Landlord is responsible for Exterior of building including the roof, walls, parking lot, landscaping and any exterior plumbing. Spaces are built out to vanilla box (i.e. sheetrock walls ready for paint; two restrooms; drop ceilings with lighting; standard electrical, HVAC equal to 1 ton per every 300 SF of space. All tenants have negotiated Tenant Improvement Allowances from $10/SF to $20/SF. Buyer to verify all info.

Possible Use

Barber/Beauty: Yes
Medical/Dental: Yes
Office: Yes
Retail: Yes

Income & Expenses

Other: Yes
See Remarks: Yes

Lot Features

Cleared: Yes
Corner Lot: Yes
Level: Yes

Covenants And Restrictions

Easements: Yes
Other: Yes
See Remarks: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Electricity Features

220 Volts: Yes

Square Footage Description

Retail Bldg Over 5000 SF: Yes

Flooring

Other: Yes
See Remarks: Yes

Expenses Include

Common Area: Yes
Insurance: Yes
Taxes: Yes
Other: Yes
See Remarks: Yes

Cooling

Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes
Separate Meters: Yes

Foundation Details

Slab: Yes

Price Includes

Building and Land: Yes
Ground Lease: Yes
Signage: Yes

Available Documents

APOD: Yes
Demographics: Yes
Marketing Package: Yes
Survey: Yes
Traffic Count: Yes

Additional Transportation

Airport 1 Mile or Less: Yes
City Street: Yes
Interstate 1 Mile or Less: Yes

Documents

Document ›

Listing Office: Sawyer Real Estate, Inc. Of Ms.

Listing Agent: Rita G Sadler

Last Updated: November - 19 - 2024

15224 W Creosote Road, Gulfport, MS 39503 (MLS# 3322284)