For Sale
$7,900,000

12251 Bernard PkwyGulfport, MS 39503

Prime Medical Office Building, High Occupancy, Strong Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A medical office building, totaling 36,386 square feet, is situated at 12251 Bernard Parkway in Gulfport, Mississippi, zip code 39503, Harrison County. Built in 2007 and recently renovated in 2023 with approximately $2 million in upgrades, the property boasts a 6.02% cap rate and is priced at $7,900,000 (approximately $217 per square foot). Currently 100% occupied by Blue Cliff College under a new 15-year lease with a 3% annual rental increase, this investment presents an opportunity for accelerated depreciation. The building enjoys a highly visible location with 900 feet of frontage on I-10, providing excellent access and exposure. Blue Cliff College, established at this location since 2007, offers a diverse range of training programs including nursing, clinical medical assisting, dental assisting, health information management, billing and coding, cosmetology, and massage therapy. The property's APN is 0908P-02-001.000. This is a rare opportunity to acquire a high-quality, income-producing medical office building in a prime Gulf Coast location.

Highlights

  • Below Replacement Cost: Priced at approximately $217 per square foot.
  • Strong Corporate Lease with Excellent Financials.
  • Prime Gulf Coast Location.
  • High Visibility: 900 feet of I-10 frontage.
  • Established Tenant: College presence since 2007.

Property Details for 12251 Bernard Pkwy

Property type
Office properties, Medical offices
Square Feet
36,386 SF
Class
A
Year Built
2007

Location Insight

City
Gulfport
County
Harrison
State
Mississippi
Latitude
30.4424615
Longitude
-89.0393244
12251 Bernard Pkwy, Gulfport, Mississippi

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12251 Bernard Pkwy
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