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80 Veterans Memorial Dr

6,700 SF Office Building Kosciusko, MS 39090 £1,442,055 (£215/SF) 7.75% Net Initial Yield

Investment Highlights

  • U.S. Government credit (AA+ S&P credit rating)
  • Build-to-suit in 2003
  • New HVAC and landlord-controlled thermostats
  • High-quality and well-maintained masonry building
  • New 10-year lease/5-years firm, commencing 9/1/2024

Executive Summary

The Ficke Team of Colliers has been retained to exclusively market for sale the Social Security Administration (SSA) located at 80 Veterans Memorial Drive, Kosciusko, Mississippi.
This single-tenant facility, built-to-suit in 2003, consists of 6,700 rentable square feet and 38 parking stalls. The site includes 2.44 acres and is a busy facility serving both Attala and Holmes counties, with the nearest SSA office over 35 miles in Philadelphia, MS. The property has a new 10-year lease, 5-years firm term. The new lease commences September 2, 2024, and expires August 31, 2034, with the existing lease in place until August 31, 2023. This building is a masonry structure that is well-maintained to the government’s strict standards and includes a new HVAC unit in 2023 and landlord-controlled, programable thermostats. This SSA provides investors an opportunity to acquire a stabilized cash flow from the U.S Government that maintains a long-term tenancy in this location.
Kosciusko is a city and county seat for Attala County, Mississippi, and is 63 miles NE of the capital in Jackson, MS. The Kosciusko Attala Partnership (KAP) through economic and community development projects engages in the continuous pursuit of enhancing Kosciusko and Attala County, MS. Initiatives include the recruitment of outside business and industry; collaboration/growth of existing business and industry; beautification efforts; programming and public events; overall promotion/marketing; and any endeavor that elevates the livability and workability of this great community.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
6,700 SF
Building Class
C
Year Built
2003
Price
£1,442,055
Price Per SF
£215
Net Initial Yield
7.75%
NOI
£111,759
Tenancy
Single
Number of Floors
1
Typical Floor Size
6,700 SF
Building FAR
0.06
Lot Size
2.44 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1305-222-A-0002003
Land Assessment
£14,334
Improvements Assessment
£60,159
Total Assessment
£74,493
  • Listing ID: 33874475

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 80 Veterans Memorial Dr, Kosciusko, MS 39090

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