Office

381 Medical Dr


381 Medical Dr
JacksonMS 39216

381 Medical Dr

Office: Medical/Dental

381 Medical Dr, JacksonMS 39216

Details

Total Size
13,260 SF
Rentable Space
8,212 SF
Building Status
Existing
Building Class
B
Number of Buildings
1
Year Built
1984
Number of Floors
1
Total Parking
45
Parking Ratio
3.4
Occupancy Type
Single Tenant
Water Utility Available
Yes
Sanitary Sewer Utility Available
Yes
County
Hinds

Current Listings

381 Medical Dr - Long-term Fresenius Lease 1031 Investment

8,212 SF$2,900,000
Cap Rate: 539%
NAI Mark S Bounds Realty Partners

The improvement is southernmost condominium of a one-story medical building,

utilized as a dialysis treatment center. The building has a steel frame, constructed on a concrete slab and concrete piers. Measurements indicate the entire building contains 13,787 square feet of gross building area and the tax assessor’s drawings and property record card indicate the subject condo contains 8,212 square feet of gross building area. Considering market standards and the lack of vertical space, the net rentable area is also 8,212 square feet (indicating an efficiency rating of 100%). The exterior walls are finished with E.F.I.S. The wall height is approximately 14 feet from the foundation in the front of the building and approximately 20 from the ground at the back of the building. The roof is flat and finished with tar and gravel. The roof also supports the HVAC

units. There appear to be six HVAC Units. The size of the units are unknown.

The interior of the subject condominium has a mixture of carpet, vinyl tile, and laminated wood floors. The walls are painted gypsum. The ceiling is acoustical tiles with recessed florescent lighting. The floor plan consists of at least 11 offices, 7 patient rooms, 1 men’s restroom, 1 ladies restroom, a conference room, a janitor room, a kitchen, a training lab, a training room, 2 records rooms, an isolation room, the waiting area, and approximately 50% of the dialysis treatment floor. The lobby at the entrance of the building is common area, owned by Cedar Ridge, LTD. The building was constructed in 1984.

Site Improvements - There are approximately 15,000 square feet of asphalt parking and driveways on the site with 45 striped parking spaces. The parking lot is also considered a common area and owned by Cedar Ridge, LTD.

NAI Mark S Bounds Realty Partners

The improvement is southernmost condominium of a one-story medical building,

utilized as a dialysis treatment center. The building has a steel frame, constructed on a concrete slab and concrete piers. Measurements indicate the entire building contains 13,787 square feet of gross building area and the tax assessor’s drawings and property record card indicate the subject condo contains 8,212 square feet of gross building area. Considering market standards and the lack of vertical space, the net rentable area is also 8,212 square feet (indicating an efficiency rating of 100%). The exterior walls are finished with E.F.I.S. The wall height is approximately 14 feet from the foundation in the front of the building and approximately 20 from the ground at the back of the building. The roof is flat and finished with tar and gravel. The roof also supports the HVAC

units. There appear to be six HVAC Units. The size of the units are unknown.

The interior of the subject condominium has a mixture of carpet, vinyl tile, and laminated wood floors. The walls are painted gypsum. The ceiling is acoustical tiles with recessed florescent lighting. The floor plan consists of at least 11 offices, 7 patient rooms, 1 men’s restroom, 1 ladies restroom, a conference room, a janitor room, a kitchen, a training lab, a training room, 2 records rooms, an isolation room, the waiting area, and approximately 50% of the dialysis treatment floor. The lobby at the entrance of the building is common area, owned by Cedar Ridge, LTD. The building was constructed in 1984.

Site Improvements - There are approximately 15,000 square feet of asphalt parking and driveways on the site with 45 striped parking spaces. The parking lot is also considered a common area and owned by Cedar Ridge, LTD.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: MSCREX

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