2438 Highway 98 E
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2438 Highway 98 E
18,049 SF Office Building Columbia, MS 39429 $8,221,326 CAD ($456 CAD/SF) 8.75% Cap Rate
Investment Highlights
- 10-year NNN lease
Executive Summary
KBC Capital Markets, as exclusive agent, is pleased to offer for sale the fee simple interest in 2438 Hwy 98 E, Columbia, Mississippi (the “Property” or “Facility”), the newly renovated United Rentals/YakMat company headquarters situated on 4.75 acres.
The property sits strategically in the heart of Yak Mat’s managerial employee base and labor pool of southern Mississippi’s Pine Belt, as well as being the center of the company’s national logistics network. The property fronts US 98 with excellent regional access to I-59, I-10 and I-20. Additionally, Hattiesburg-Laurel Regional airport (PIB) is minutes away for convenient commercial air service by United Airlines.
The Property is 100% leased to Yak Access, LLC (the “Tenant”) a wholly owned subsidiary of United Rentals on a 10.2-year NNN lease. This offering represents an exceptional investment opportunity to acquire the modernized office headquarters of a high quality tenant in a Qualified Opportunity Zone.
The property sits strategically in the heart of Yak Mat’s managerial employee base and labor pool of southern Mississippi’s Pine Belt, as well as being the center of the company’s national logistics network. The property fronts US 98 with excellent regional access to I-59, I-10 and I-20. Additionally, Hattiesburg-Laurel Regional airport (PIB) is minutes away for convenient commercial air service by United Airlines.
The Property is 100% leased to Yak Access, LLC (the “Tenant”) a wholly owned subsidiary of United Rentals on a 10.2-year NNN lease. This offering represents an exceptional investment opportunity to acquire the modernized office headquarters of a high quality tenant in a Qualified Opportunity Zone.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,049 SF
Building Class
C
Year Built
2007
Price
$8,221,326 CAD
Price Per SF
$456 CAD
Cap Rate
8.75%
NOI
$719,366 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
18,049 SF
Building FAR
0.09
Lot Size
4.74 AC
Opportunity Zone
Yes
Parking
40 Spaces (2.22 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 124-33-000-33-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $303,072 CAD |
PROPERTY TAXES
Parcel Number
124-33-000-33-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$303,072 CAD
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2438 Highway 98 E
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