108 River Pines Cove, Flowood, MS 39232 (MLS# 1344006)
108 River Pines Cove, Flowood, MS 39232
$3,475,000
Property Type:
Commercial Sale
Square Footage:
32,000
Lot Size (sq. ft.):
158,123
Status:
Closed
Current Price:
$3,515,000
List Date:
9/07/2021
Last Modified:
11/19/2024
Overview
Description
Two buildings totaling 32,000+/- square feet on 3.63+/- acres leased to L&W Supply Corporation through July 2028 with guaranty from ABC Supply Co., Inc. Leases are NNN with Landlord obligations for capitalized expenses related to concrete yard area and HVAC systems. Eighty-two months remain on the initial term with 2% annual base rent increases. Tenant has two ?ve year renewal options remaining, also with two percent annual increases.
Listing Details MLS# 1344006
General Property Information
- Approx Lot Size Acres
- 3.63
- Approx H/C SqFt
- 32000
- SqFt Source
- Owner
- List Price/SqFt
- 109.84
- Year Built
- 2002
- Year Built Source
- Builder
- Total Floors
- Yes
- Bathrooms Half
- 4
- Fireplace
- No
- Accessibility Features
- Yes
- Property Sub Type
- Industrial
- New Construction
- No
- Bathrooms Three Quarter
- 0
Property Features
Business Type:
Distribution Warehouse
Commercial Features:
Delivery Door; Dock Height Loading; Door Sign; Doors 16-20 Feet; Fenced; Fire Sprinkler System; Grade Loading; Levelers; Load Dock Grade; Security System
Electricity Features:
Three Phase
Location:
City Street
Lighting:
High Pressure Sodium; Other
Flooring:
Concrete
Cooling:
Central Air; Zoned
Heating:
Central; Electric; Zoned; Other
Utilities:
Electricity Available; Water Available
Sewer:
Public Sewer
Water Source:
Public
Foundation Details:
Concrete Perimeter; Slab
Listing Terms:
Cash
Roof:
Metal
Exterior Features:
Rain Gutters
Parking Features:
On Site; Paved
Available Documents:
Blueprints; Drawings; Floor Plan(s); Leases; Photographs; Plot Plan/Survey; Other
Lot Size Range:
1 to 5 Acres
Address and Location Information
- Street Number
- 108
- Street Name
- River Pines
- Street Suffix
- Cove
- County
- Rankin
- State
- MS
- Zip Code
- 39232
- Parcel Number
- F10A000002 00013
- Subdivision
- Metes And Bounds
Listing Information
- Property Sub Type
- Industrial
- Listing Service
- Full Service
Tax and Financial Information
- Tax Annual Amount
- 28550
- Tax Year
- 2020
- Flood Insurance Required?
- Yes
- Leasehold Y/N
- No
- Association
- No
- Legal Description
- See deed
- Complex Name
- L&W Building Supply
Status Change Info
- Contract Date/Pending Date
- 2021-11-08
- Closing Date
- 2022-08-19
- Sold Price/SqFt
- 108.59
More Information
Commercial Features
- % Leased
- 100
- Number of Tenants
- Yes
- Delivery Door
- Yes
- Dock Height Loading
- Yes
- Door Sign
- Yes
- Doors 16-20 Feet
- Yes
- Fenced
- Yes
- Fire Sprinkler System
- Yes
- Grade Loading
- Yes
- Levelers
- Yes
- Load Dock Grade
- Yes
- Security System
- Yes
Showing Requirements
- Showing
- Appointment Required
Location
- City Street
- Yes
Remarks & Miscellaneous
- Public Remarks
- Two buildings totaling 32,000+/- square feet on 3.63+/- acres leased to L&W Supply Corporation through July 2028 with guaranty from ABC Supply Co., Inc. Leases are NNN with Landlord obligations for capitalized expenses related to concrete yard area and HVAC systems. Eighty-two months remain on the initial term with 2% annual base rent increases. Tenant has two ?ve year renewal options remaining, also with two percent annual increases.
Income & Expenses
- Annual Insurance Expense
- 10312
- Annual Maintenance Expense
- 5000
- Annual Net Income
- 228673
- Annual Operating Expenses
- 44148
- Gross Operating Income
- 272822
- Vacancy Factor
- No
Business Type
- Distribution Warehouse
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Listing Terms
- Cash
- Yes
Utilities
- Electricity Available
- Yes
- Water Available
- Yes
Electricity Features
- Three Phase
- Yes
Flooring
- Concrete
- Yes
Cooling
- Central Air
- Yes
- Zoned
- Yes
Heating
- Central
- Yes
- Electric
- Yes
- Zoned
- Yes
- Other
- Yes
Foundation Details
- Concrete Perimeter
- Yes
- Slab
- Yes
Exterior Construction/Siding
- Metal Siding
- Yes
Roof
- Metal
- Yes
Exterior Features
- Rain Gutters
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Lighting
- High Pressure Sodium
- Yes
- Other
- Yes
Available Documents
- Blueprints
- Yes
- Drawings
- Yes
- Floor Plan(s)
- Yes
- Leases
- Yes
- Photographs
- Yes
- Plot Plan/Survey
- Yes
- Other
- Yes
Lot Size Range
- 1 to 5 Acres
- Yes
Listing Office:
Overby, Inc.
Listing Agent:
Scott Overby
Last Updated: November - 19 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.