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381 Medical Dr
Jackson, MS 39216

Long term Fresenius Lease 1031 Investment · Office Property For Sale

Investment Highlights

  • Very long term lease, credit tenant, medical
  • Great 1031 Exchange investment
  • National credit tenant

Executive Summary

The improvement is southernmost condominium of a one-story medical building, utilized as Fresenius 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.

PROPERTY FACTS

Property Type Office
Property Subtype Medical
Building Class B
Rentable Building Area 13,260 SF
No. Stories 1
Year Built 1984
Parking Ratio 3.39/1,000 SF
APN / Parcel ID 0003-0053-002

Amenities

  • Signage
  • Listing ID: 17272464

  • Date on Market: 9/23/2019

  • Last Updated:

  • Address: 381 Medical Dr, Jackson, MS 39216

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