For Sale
$950,000

1385 Johnny Johnson Dr Brookhaven, MS 39601

High-yield, fully occupied office building.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a fully occupied, 8,000-square-foot Class B office building located at 1385 Johnny Johnson Dr, Brookhaven, MS 39601. The property boasts a strong 8.50% capitalization rate and an asking price of $950,000 ($118.75 per square foot). Built in 2000 and renovated in 2022, this single-story building sits on a 0.6-acre lot and features two credit tenants under long-term leases with annual rent bumps, ensuring consistent income. The building's exterior has recently been refreshed with a modern white and grey paint scheme. Furthermore, 5,100 square feet of interior space has undergone a complete renovation, including new flooring and energy-efficient LED lighting. The property's location in Lincoln County, Mississippi, offers convenient access to local amenities and infrastructure. This stabilized investment is ideal for buyers seeking a secure, high-return commercial property with minimal vacancy risk. The property's APN is B77-14-2-016.

Highlights

  • Fully leased to two strong tenants with long-term leases.
  • Exterior recently repainted in white and gray; 5,100 SF of interior space features new paint, flooring, and LED lighting.

Property Details for 1385 Johnny Johnson Dr

Property type
Office properties
Square Feet
8,000 SF
Class
B
Year Built/Renovated
2000/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Brookhaven
County
Lincoln
State
Mississippi
Latitude
31.57668763073
Longitude
-90.477740509513
1385 Johnny Johnson Dr, Brookhaven, Mississippi

FAQs

What type of property is this?
Office property - High-yield, fully occupied office building.
Where is the office property located?
The property is located at 1385 Johnny Johnson Dr Brookhaven, MS.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully leased to two strong tenants with long-term leases.; Exterior recently repainted in white and gray; 5,100 SF of interior space features new paint, flooring, and LED lighting.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1385 Johnny Johnson Dr
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