For Sale
$1,850,000

1511 Bienville BlvdOcean Springs, MS 39564

High-yield, 100% occupied medical building

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a single-tenant, Class A medical office building totaling 5,500 square feet, situated on a 15,000-square-foot lot in Ocean Springs, Mississippi. Constructed in 2021, the property boasts a modern design and is currently 100% occupied under a triple-net (NNN) lease with a prominent healthcare provider. The lease commenced March 1, 2021, and has a remaining term of approximately 6.3 years, extending to February 28, 2031, with two five-year renewal options. The building features 19 parking spaces and offers a strong net operating income (NOI) of $132,000, resulting in a compelling 7.14% capitalization rate. The asking price is $1,850,000, translating to $336.36 per square foot. This stabilized investment presents a low-maintenance, high-return opportunity in a prime medical location, benefiting from its proximity to key healthcare facilities and a growing market. The property's single-tenant occupancy and long-term lease provide significant stability and predictable cash flow for investors. The building's modern construction and excellent condition further enhance its appeal. This is a turnkey investment ready for immediate income generation.

Highlights

  • 5,500 SF modern building
  • 100% occupancy with long-term lease
  • 2021 construction, excellent condition
  • Prime Ocean Springs location
  • Low operating expenses

Property Details for 1511 Bienville Blvd

Property type
Office properties, Medical offices
Square Feet
5,500 SF
Class
A
Year Built
2021
Buildings
1
Stories
1
Units
1

Location Insight

City
Ocean Springs
County
Jackson
State
Mississippi
Latitude
30.416431220845
Longitude
-88.818451305756
1511 Bienville Blvd, Ocean Springs, Mississippi

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1511 Bienville Blvd
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