For Sale
$4,300,000

1887 Lakeland DrJackson, MS 39216

Jackson, MS: Prime Bank Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 16,717 square foot, single-tenant executive office building in Jackson, Mississippi. Currently 100% occupied by Trustmark Bank under a gross lease with a remaining term of 2.5 years (expiring June 7, 2027), the property boasts a strong 6.26% cap rate and a substantial NOI of $269,140. Built in 1977 and renovated in 2020, this Class B building sits on a 1.34-acre lot (C-2 zoning) and includes 75 parking spaces. The asking price is $4,300,000, translating to $257.22 per square foot. Lease terms include rent bumps and two options available after the initial three-year lease. The property offers a stable income stream from a credit-rated tenant in a high-traffic commercial location on Lakeland Drive. This fee-simple ownership presents a secure investment in a thriving Southeast market. The property's strategic location and strong tenant history make it an attractive opportunity for investors seeking long-term value and predictable returns. This is a rare chance to acquire a key asset in Jackson's banking infrastructure.

Highlights

  • 16,717 SF single-tenant office building in Jackson, MS.
  • 100% occupied by Trustmark Bank under a gross lease expiring June 7, 2027 (2.5 years remaining).
  • 6.26% cap rate and $269,140 NOI.
  • Class B building on a 1.34-acre lot (C-2 zoning) with 75 parking spaces; built 1977, renovated 2020.
  • Asking price: $4,300,000 ($257.22/SF).

Property Details for 1887 Lakeland Dr

Property type
Office properties
Square Feet
16,717 SF
Class
B
Year Built/Renovated
1977/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
58,370 SF
Units
1

Location Insight

City
Jackson
County
Hinds
State
Mississippi
Latitude
32.333316353072
Longitude
-90.137849606306
1887 Lakeland Dr, Jackson, Mississippi

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1887 Lakeland Dr
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