Space Center Park

Industrial for Sale
Catylist Listing ID: 30347698
Property Subtypes: Industrial-Business Park, Warehouse/Distribution
Building Size (RSF): 90,000 SF
Gross Building Area: See Agent
Gross Land Area: 7 Acres
Sale Price: $2,750,000
Unit Price: $30.56 PSF
Ceiling: 20 ft.
Docks/Doors: 32 Docks, 2 Doors
Property Use Type: Investment
Building Name: Space Center Park
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 9/5/2019

Overview / Comments

A rare investment opportunity in the Capital of Mississippi, Space Center Park is one of the premier, multi-tenanted industrial buildings in the Hawkins Field Industrial Park. This property appeals to all sorts of tenants from Last-Mile Logistics Providers to Regional Warehousing Operations. This property is a 90,000 square foot concrete tilt wall front-load warehouse and is completely fenced with one entrance gate off Boling Street. The Tenants include Sherwin Williams, Iron Mountain Shredding, Romanoff Floor Covering and Southern Farm Bureau.

Space Center Park is located in the Hawkins Field Industrial Park in northwest Jackson. Hawkins Field Industrial Park's occupants include Sysco, Merchants Food service, Milwaukee Tool, Keystone Automotive and Office Depot.

Attachments & Media

Additional Details

Nearest MSA: Jackson
County: Hinds
Tax ID/APN: 636-6
Zoning: LIGHT INDUSTRIAL (I-1)
Property Located Between: Boling Street and Michael Avalon
Highway Access: The property is located off of the Industrial Drive exit on the southwest corner of the intersection of Boling Street and Michael Avalon Drive. The property has immediate access to I-220 and U.S. Highway 49 North, which intersects approximately 1 mile south from the property. Interstate 220 was constructed as a bypass around the city of Jackson and provides a connection to Interstate 20, the major east/west traffic artery through Mississippi, and Interstate 55, the major north/south artery through Mississippi.
Airports: Hawkins Field
Area Description: Space Center Park is located in the Hawkins Field Industrial Park in northwest Jackson. Hawkins Field Industrial Park's occupants include Sysco, Merchants Foodservice, Milwaukee Tool, Keystone Automotive and Office Depot.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1974
Year Renovated: 2018
Construction/Siding: Steel Frame
Exterior Description: The Building is Tilt Up Construction with 6’ reinforced concrete tilt-up walls and glass store fronts.
Parking Type: Surface
Parking Description: There is Employee Parking located in front of each Tenant's storefront door with Trailer Parking in front of each dock high loading area.
Sprinklers: Wet
Interior Description: The interior of the office areas vary with respect to quality as well as condition and primarily feature a combination of vinyl tile or carpet flooring, vinyl covered sheetrock, painted sheetrock or prefinished paneled interior walls with suspended acoustical tile ceilings.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,713 47,309 121,462
Median Age: 30.14 35.11 33.86
Households: 1,559 17,242 44,905
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