For Sale
$1,350,000

14401 Cullen StBiloxi, MS 39532

Fully occupied, high-return flex space.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a newly constructed (2024), fully occupied (100%), Class A flex space building in Biloxi, Mississippi. The property, located at 14401 Cullen Street, boasts 4,100 square feet on a 0.33-acre lot and features two separate units, each offering approximately 550 square feet of office space and 1,500 square feet of warehouse space. Each unit includes a 12x14' roll-up door, 22-foot ceilings, LED lighting, and 240-amp 3-phase electrical service. The building is constructed with a steel frame, metal interior wall framing, custom brick and vertical siding exterior, and a metal roof. Ample paved parking is available. The property benefits from excellent visibility on Cullen Street, with proximity to I-10, Big Ridge Road, and Exit 50. Currently operating under a triple-net (NN+) lease with 5% annual rent bumps, the lease term is three years, commencing May 1, 2024, and expiring April 30, 2027, with two three-year renewal options. The Net Operating Income (NOI) is $89,592, resulting in a 6.64% cap rate. The property is zoned A-2. This turnkey investment offers a strong return and significant upside potential in a thriving industrial area with easy access to the Biloxi Industrial Park and the Port of Gulfport. The building's modern design, energy-efficient features, and strategic location make it an ideal investment for discerning buyers.

Highlights

  • Newly constructed (2024) Class A flex space building in Biloxi, MS.
  • 4,100 square foot building on a 0.33-acre lot, featuring two 2,050 square foot units (550 sf office, 1,500 sf warehouse each).
  • Each unit includes a 12'x14' roll-up door, 22-foot ceilings, LED lighting, and 240-amp 3-phase power.
  • 100% occupied with a triple-net (NN+) lease, 5% annual rent increases, three-year term (May 1, 2024 - April 30, 2027) with two three-year renewal options.
  • Excellent visibility on Cullen Street, near I-10, Big Ridge Road, and Exit 50; $89,592 NOI, 6.64% cap rate, A-2 zoning.

Property Details for 14401 Cullen St

Property type
Warehouses, Retail properties
Square Feet
4,100 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
14,375 SF
Units
2

Location Insight

City
Biloxi
County
Harrison
State
Mississippi
Latitude
30.452181
Longitude
-88.84999
14401 Cullen St, Biloxi, Mississippi

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14401 Cullen St
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