406 Enterprise DrOxford, MS 38655

Property Details for 406 Enterprise Dr

Year built

2024

Property size (Sq ft)

6,400 SF

Property type

Office properties

Description

This exceptional 6,400 square foot executive office building, located at 406 Enterprise Dr, Oxford, MS 38655, is offered for sale at $2,275,555. Built in 2024, this single-story building boasts a 100% occupancy rate with a current NNN lease in place for 10 years, commencing October 31, 2023, and expiring October 30, 2033. The property enjoys a prime location within the Oxford Commons master-planned community, a thriving development featuring residential, retail, and commercial spaces. Oxford Commons offers high visibility with three major access points: Highway 7, Highway 30, and Sisk Avenue. The building's proximity to Oxford Square, the new Oxford High School, and the University of Mississippi ensures high demand and strong tenant interest. The surrounding area includes a significant number of new homes, a new high school campus, and various hospitality options, including hotels and a convention center. This presents a compelling investment opportunity with a projected 7.39% cap rate. The property is currently 100% occupied, with the occupancy date set for February 1, 2024. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market.

Location Insight

City

Oxford

County

Lafayette

State

Mississippi

Latitude

34.3723

Longitude

-89.4972

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].