for sale for sale $585,000 - loopnet · executive oaks is a well located officebuilding with...

FOR SALE

$585,000

1,210 SF | Office

1553 County Line Road

Jackson, MS

39211

The Estes Group, IncPO Box 12486Jackson, MS 39236estesgroup.net

For more information, please contact:

Brian Estes, CCIM, CPMPresident/Investment Advisor

O: 601.362.9633

C: 601.906.8999

[email protected]

Brian Estes, CCIM, [email protected]

Investment Opportunity-Executive OaksSALE PRICE: $585,000

1553 County Line Road, Jackson, MS 39211

PO Box 12486Jackson, MS 39236

601.362.9633estesgroup.net

For Sale

All materials and information received or derived from The Estes Group, Inc its directors,officers, agents, advisors, affiliates and/or any third party sources are provided withoutrepresentation or warranty as to completeness , veracity, or accuracy, condition of theproperty, compliance or lack of compliance with applicable governmental requirements,developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither The Estes Group, Inc its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of theany materials or information provided, derived, or received. Materials and information fromany source, whether written or verbal, that may be furnished for review are not a substitutefor a party’s active conduct of its own due diligence to determine these and other mattersof significance to such party. The Estes Group, Inc will not investigate or verify any suchmatters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUEDILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verifyall information and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documentsand reports and consulting appropriate independent professionals. The Estes Group, Incmakes no warranties and/or representations regarding the veracity, completeness, orrelevance of any financial data or assumptions. The Estes Group, Inc does not serve as afinancial advisor to any party regarding any proposed transaction. All data andassumptions regarding financial performance, including that used for financial modelingpurposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents canbe established at or increased to that level. Parties must evaluate any applicablecontractual and governmental limitations as well as market conditions,vacancy factors andother issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions shouldbe discussed by the party with a certified public accountant or tax attorney. Title questionsshould be discussed by the party with a title officer or attorney. Questions regarding thecondition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects,contractors, other consultants and governmental agencies. All properties and services aremarketed by The Estes Group, Inc in compliance with all applicable fair housing and equalopportunity laws.

Confidentiality & Disclaimer Contents

PROPERTY INFORMATION

3LOCATION INFORMATION

7DEMOGRAPHICS

11

Table Of Contents

Investment Opportunity-Executive Oaks1553 County Line Road, Jackson, MS 39211




PROPERTY INFORMATION 1

PROPERTY INFORMATIONSection 1




4 » ESTESGROUP.NET

Brian Estes, CCIM, CPMPresident/Investment [email protected]




PROPERTY OVERVIEWExecutive Oaks is a well located office building with fourteen separate suites. When originally purchased(2005), Executive Oaks contained two separate buildings, one of which was sold (2012) to Walgreen'sPharmacy who then used the available land to build a brand new location at the corner of Pear Orchard Rd.and E. County Line Rd. A father/son partnership currently owns the subject property and has maintainedabove market average historic occupancy rates. The subject property can be accessed from E. County LineRd. and boasts an impressive average traffic count of 24,000 CPD. Currently, the property is 81% Occupiedwith two suites available.

This building presents a great investment opportunity with a 12.33% In-Place Cap Rate. There is substantialupside potential based on average rents of $10.00 PSF which is well below market rent on County Line Rd.Minor upgrades and improvements will place this property among the best potential locations for prospectivetenants.

PROPERTY HIGHLIGHTS• 12,955 +/- SF Office Building

• 12.33% In-Place Cap Rate

• Average Rental Rate of $10.00 PSF

• Opportunity For Substantial Rental Increases

• Next To New Walgreen's Pharmacy

• High Traffic Count (24,000 CPD)

• Located In Major Retail/Office Corridor (County Line Rd.)

• Great Upside Potential

• Agent/Owner (Brian E. Estes)

PROPERTY SUMMARY

Sale Price: $585,000

Lot Size: .64 Acres (+/-)

Building Size: 12,955 SF(+/-)

Building Class: B

Year Built: 1981

Zoning: C-2

Market: Jackson

Cross Streets: Pear Orchard

E X E C U T I V E S U M M A R Y


Executive Summary


5 » ESTESGROUP.NET





Investment Opportunity-Executive Oaks1553 County Line Road, Jackson, MS 39211Investment Opportunity-Executive Oaks

1553 County Line Road, Jackson, MS 39211

A D D I T I O N A L P H O T O S


Additional Photos


6 » ESTESGROUP.NET





LOCATION INFORMATION 2

LOCATION INFORMATIONSection 2




8 » ESTESGROUP.NET





1553 County Line Road

R E G I O N A L M A P


Regional Map


9 » ESTESGROUP.NET





L O C A T I O N M A P S


Location Maps


10 » ESTESGROUP.NET





A E R I A L M A P


Aerial Map


DEMOGRAPHICS 3

DEMOGRAPHICSSection 3









D E M O G R A P H I C S R E P O R T


Demographics Report


1 MILE 3 MILES 5 MILES

Total households 4,061 21,746 40,730

Total persons per hh 2.2 2.3 2.4

Average hh income $58,935 $70,200 $75,516

Average house value $173,618 $203,121 $218,674

1 MILE 3 MILES 5 MILES

Total population 9,025 50,566 99,426

Median age 31.1 33.5 34.9

Median age (male) 29.6 32.5 34.1

Median age (female) 31.8 34.4 35.7

* Demographic data derived from 2010 US Census






* Demographic data derived from 2010 US Census

1 Mile 3 Miles 5 Miles

Total Population 9,025 50,566 99,426

Population Density 2,873 1,788 1,266

Median Age 31.1 33.5 34.9

Median Age (Male) 29.6 32.5 34.1

Median Age (Female) 31.8 34.4 35.7

Total Households 4,061 21,746 40,730

# of Persons Per HH 2.2 2.3 2.4

Average HH Income $58,935 $70,200 $75,516

Average House Value $173,618 $203,121 $218,674

D E M O G R A P H I C S M A P


Demographics Map


The Estes Group, IncPO Box 12486Jackson, MS 39236estesgroup.net


Brian Estes, CCIM, CPMPresident/Investment Advisor

O: 601.362.9633

C: 601.906.8999

[email protected]

The Estes Group, IncPO Box 12486Jackson, MS 39236601.362.9633estesgroup.net



for sale for sale $585,000 - loopnet · executive oaks is a well located officebuilding with...

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