| PRICE : | Contact Bull Realty for information |
|---|---|
| PROPERTY TYPE: | Office |
| SITE SIZE: | 2.70 Acres |
| BUILDING SIZE: | 265,723 SF |
| YEAR BUILT: | 1987 |
Highlights
- • Long-term anchor lease: ±156,383 SF through 2039 backed by State of MS (AA credit)
- • State of MS currently in discussion to expand by ±26,860 SF
- • Significant upside with programmatic lease up
- • Additional tenants include the Federal Public Defenders office in ±8,962 SF through May 2028, 2 private tenants and a café tenant
- • Can be acquired well below replacement cost for Class A office
- • The State of Mississippi Department of Human Services received $1,910,192,598 in funding in 2022
- • The Mississippi DHS is 96.4% federally funded
Description
Opportunity to acquire a ±265,723 SF office building in Jackson, Mississippi. City Centre is a Class A, two-tower office building located within the central business district in downtown Jackson. The subject property is approximately 70% occupied and anchored by the State of Mississippi Department of Human Services Headquarters. The ±156,383 SF state of Mississippi lease expires June 30th, 2039. This leaves a lot of upside in leasing up one of the nicest, most amenitized office buildings in Jackson, MS. The subject property also provides direct access to interstates 55 and 20 and is located just 10 miles from Jackson-Evers International Airport.
