189 Park Creek

Office: Medical/Dental

189 Park Creek, ColumbusMS 39701

Property Details

Location

Address
189 Park Creek, ColumbusMS 39701
County
Lowndes
Submarket
Parcels
56W070000714

Building Size

Building Size
5,625 SF
Rentable Space
5,625 SF

Building Details

Type
 Office: Medical/Dental
Number of Buildings
1
Occupancy Type
Single Tenant
Building Class
B
Building Status
Existing
Floors
2
Year Built
2004
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
1.25 Acres
Land (SF)
54,450 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
COMMERCIAL
Lot Depth
Lot Width

Contacts

Current Listings

HEALTH CARE FACILITY

5,625 SF$836,953
Cook Commercial Properties LLC

This facility was built for Gentiva Health Care in 2004. Gentiva was acquired by Kindred Health Care. Kindred has 30 Plus locations throughout Mississippi, Louisiana and Alabama. The tenant has been in this building for 17 plus years. Original lease started in February 2002 for 10-year term. Renewed in 2018 for 5 years. Current lease has 2 years remaining and is expected to renew for 5 additional years. Humana recently acquired Kindred and plans are to expand home services. a real plus for this location. Signs are being installed now. Remaining two years average income $86,494.38 In place expenses to owner $13,253.00 NOI at current time $73,233.38

Asking price $836,952.91 CAP rate 8.75.

Cook Commercial Properties LLC

This facility was built for Gentiva Health Care in 2004. Gentiva was acquired by Kindred Health Care. Kindred has 30 Plus locations throughout Mississippi, Louisiana and Alabama. The tenant has been in this building for 17 plus years. Original lease started in February 2002 for 10-year term. Renewed in 2018 for 5 years. Current lease has 2 years remaining and is expected to renew for 5 additional years. Humana recently acquired Kindred and plans are to expand home services. a real plus for this location. Signs are being installed now. Remaining two years average income $86,494.38 In place expenses to owner $13,253.00 NOI at current time $73,233.38

Asking price $836,952.91 CAP rate 8.75.

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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

More Information

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