For Sale
$2,390,150

124 One Madison PlzMadison, MS 39110

Class A Office, 100% Occupied, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents the chance to acquire the entire second floor of One Madison Plaza, a Class A office building located at 124 One Madison Plz, Madison, MS 39110. The 16,732 square foot space boasts 15,280 square feet of net rentable area, currently 100% occupied by three separate tenants, generating a substantial net operating income (NOI) of $203,162. Built in 2008, this two-story building offers a strong 8.50% capitalization rate and is priced at $2,390,150 ($142.85 per square foot). This acquisition also includes a majority (53.45%) stake in the condo association. The property enjoys a prime location in the highly desirable Highland Colony Parkway area of the Jackson metro, offering easy access to I-55 and proximity to numerous amenities, including fine dining, retail options, and Madison Central High School. Its strategic location ensures convenient commutes to Gluckstadt, Ridgeland, Jackson, and Rankin County. This is a rare opportunity to acquire a stabilized, high-performing office investment in a thriving Mississippi market. The strong tenancy and attractive financial metrics make this a compelling investment prospect for discerning buyers.

Highlights

  • Fully Leased Building.
  • Second Floor and 53.45% ownership stake in Condo Association.
  • Prime Jackson Metro office location.

Property Details for 124 One Madison Plz

Property type
Office properties
Square Feet
16,732 SF
Class
A
Year Built
2008
Stories
2
Units
3

Location Insight

City
Madison
County
Madison
State
Mississippi
Latitude
32.4626882
Longitude
-90.1543575
124 One Madison Plz, Madison, Mississippi

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124 One Madison Plz
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