1014 Flowood DrFlowood, MS 39232

Property Details for 1014 Flowood Dr

Year built

1976

Property size (Sq ft)

29,810 SF

Property type

Warehouses

APN

F10I000005 00200

APU

F10I00000500200

Description

Exceptional investment opportunity: a 32,515-square-foot Class B warehouse in Flowood, Mississippi. This single-tenant, stabilized property is fully occupied by a credit-rated tenant, Trace Aviation, a leading King Air landing gear exchange and overhaul provider. The lease is a NNN structure with annual rent bumps of 2.5%. The building features four dock-high doors with canopy covering, and is fully climate-controlled (HVAC system overhauled in 2024). Significant recent and planned improvements include a new sprinkler system installation, a new hydro-stop roof coating with a 15-year warranty, and a new office area currently under construction. Strategically located in the robust Flowood submarket, minutes from the international airport, this property offers a secure and high-return investment. The property boasts 100% occupancy and a strong tenant profile, making it an ideal addition to any portfolio. This is a rare opportunity to acquire a well-maintained, high-quality industrial asset in a prime location.

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.3273

Longitude

-90.1018

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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