501 Eagle Day Ave, Columbia, MS 39429

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Building Details:

• Year Built: 2009

501 Eagle Day Ave is an office property located in Columbia, MS. The property currently has 1 office space for lease and is marketed by Cook Commercial Properties,LLC.

Nice stand alone one story building located on three acres (corner lot) with over 50 paved parking spaces with additional spaces on paved parking lot and drive. building has zoned HVAC, recessed florescent lighting and carpet floors in hallways and offices. Building was built in 2009. Medicaid is the primary tenant and is in the 7th. year of a 10 year NN Lease. the space was actually a built to suit Medicaid location serving the Marion county area. Normally leases of this nature are renewed and indications are that this will be as well. There is an additional 1,685 SF of leasable space. Local market for space such as this is in the $12 to $15 range. Current Income from Medicaid is $72,000.00 All expenses including reserves is $22,071 That is a $49,921 NOI . However, an upside Is the additional revenue of $20,220 from vacant space. Built as is appraisal is $900,000.00 Projected CAP rate is in the 8.74 range.

• Available Spaces

Suite	Space Type	Pricing	Size
---	Office Space	For sale: Contact for Pricing	8,800 sqft
View Details Listing company: Cook Commercial Properties,LLC Pricing: Contact for Pricing Availability: Now Listing ID: 1055183 Save to list