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656 N State St
Jackson, MS 39202

Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
9,154 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,154 SF
Building FAR
0.21
Land Acres
1.00 AC

About 656 N State St , Jackson, MS 39202

The Fresenius Kidney Care in Jackson, Mississippi is a 2017 build-to-suit, 9,154 square foot kidney dialysis clinic that is 100% leased via a new 15-year lease term. The lease structure includes attractive 1.7% annual rent increases throughout the primary term and option periods, and is guaranteed by Fresenius Medical Care Holdings, Inc. (FMCH) which has a net worth of $10.533 Billion. This new dialysis facility will provide best-in-class operations and customer service, housing 24 patient stations and 1 private station located in a separate room. The subject property is situated less than one half of a mile from Baptist Medical Center, a major 618-bed hospital, and is situated within two blocks of the Mississippi State Capitol Building. The property is surrounded by a variety of government service headquarters, historical museums, the Governor’s Mansion, and numerous restaurants and hotels. The property is a short distance from the international airport in Jackson, which is within a 15 minute drive. Mississippi is a Certificate of Need (CON) state for health care, which creates barriers to entry in this market for any competing dialysis services. CON laws are designed to contain healthcare facility costs and allow coordinated planning of new services and construction of heal care facilities, and are one mechanism by which state governments reduce overall health and medical costs.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0002-1000-000
Land Assessment
$38,739
Improvements Assessment
$140,610
Total Assessment
$179,349
  • Listing ID: 13891072

  • Date on Market: 9/26/2018

  • Last Updated:

  • Address: 656 N State St, Jackson, MS 39202

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