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599 Highland Colony Pky

16,000 SF 100% Leased Office Building Ridgeland, MS 39157 £2,528,032 (£158/SF) 8.35% Net Initial Yield

Investment Highlights

  • 100% Stabilized Asset
  • Ridgeland, MS
  • 8.35% Capitalization Rate
  • Sale Leaseback with Anchor Tenant

Executive Summary

Pinpoint Commercial Real Estate is proud to present 599 Highland Colony Parkway available for Sale. The subject property is two (2) stories and consists of 15,881 RSF. The building is 100% leased and boasts an excellent tenant roster. The building is located just South of the new Lake Harbour extension at the intersection of I-55 & I-220. For more information, please contact Pinpoint Commercial Real Estate at 601.586.3220.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
16,000 SF
Building Class
B
Year Built
1999
Price
£2,528,032
Price Per SF
£158
Net Initial Yield
8.35%
NOI
£211,091
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
8,000 SF
Building FAR
0.27
Land Acres
1.36 AC
Zoning
C-1

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 071G-26D-001-94-06
  • 071G-26D-001-91-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£292,339
  • Listing ID: 33702811

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 599 Highland Colony Pky, Ridgeland, MS 39157

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