Truck/Heavy Equipment Service Facility

Industrial for Sale
Distressed
Catylist Listing ID: 28620529
Property Subtypes: Free-Standing, Light Industrial, Office Showroom, Truck Terminal
Building Size (RSF): 36,235 SF
Gross Land Area: 9.26 Acres
Sale Price: $390,000
Unit Price: $10.76 PSF
Docks/Doors: 1 Dock, 5 Doors
Drive In Bays: 28 Bays
Property Use Type: Vacant/Owner-User
Building Name: Formerly Rebel Truck Center & East Ford Truck Center
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Short Sale/Bank-Owned: Yes
Last Updated: 11/13/2017

Overview / Comments

NOTE: Subject property was appraised at $950,000; first offered at $750,000, reduced to $600,000, reduced to $475,000, reduced to $425,000, and now reduced to $390,000. Tangible proof of Bank's intent.

Bank-Owned Property with an high elevation and exposure to over 65,000 vehicles per day on Interstate 20 and MS Highway 18/Robinson Road. 9.26 acre site includes excess land for expansion. Sales price acknowledges that buildings require renovation, but also is attractive when considering the redevelopment of the total site. If more land is needed, see attached brochure for information on 9.87 additional acres. Being Bank-Owned, it is an opportunity to secure desirable credit approved financing.

Please review the attached brochure/aerial photo for further details.

Additional Details

Nearest MSA: Jackson
County: Hinds
Zoning: I-1 LIGHT INDUSTRIAL DISTRICT
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Fair
Year Built: 1978
Construction/Siding: Steel Frame
Exterior Description: Concrete Block & Metal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,217 62,237 133,073
Median Age: 29.18 29.03 32.44
Households: 2,331 21,621 47,453

Contact

Photograph of Listing Agent

Walter Becker, Jr

Commercial Real Estate Services Inc Jackson, MS 39236-3853
MCAR CIE Member
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