Property Listing No Longer Available for Sale

7110 Roscoe Turner, Kiln, MS

Storage for Sale - $1,000,000 - 12,500 Sq. Ft. on 0 acres


Property Info

CIMLS#94380
Location
  7110 Roscoe Turner
  Kiln MS 39556
UpdatedFebruary 26th, 2009
TypeStorage
Price$1,000,000
Building12,500 Sq. Ft.
Land0 acres

Property Description

LOOKING FOR AN 8% RETURN? This recently constructed aircraft hangar is a high yeild NNN lease property with a national NPO tenant on a 10 year lease. 8% CAP Rate ROI. Absentee owner OK. Property is GO Zone located on the MS Gulf Coast. 12,500sf clear span (125'x100') with 60'x18' main and 46'x14' rear bi-fold doors. 60'x60' concrete ramp with deeded inside-the-fence runway access to a Federally funded AIP airport. High wind rating.3-Phase power, fully insulated, with executive bathroom/shower. Airport facility has 8,500' runway, ILS, and control tower near metropolitan New Orleans.

On AIP airport adjacent I-10 and with close proximity to I-59, I-12, HWY 49, HWY 90 and HWY 98. Easy accessibility to the Gulf Coast, including 3 major ports and the entire Southeast. This facility is strategically positioned in the US Southeast transportation corridor: Gulfport/Biloxi, Mississippi (20 miles); Pascagoula, Mississippi (50 miles); New Orleans (55 miles); Mobile, Alabama (90 miles); Baton Rouge, Louisiana (110 miles), adjacent NASA Stennis Space Center. Unbeatable transportation and warehouse location with immediate 8% cash return and long term growth potential. High and dry area with no Katrina flooding on a federally funded airport that can handle heavy traffic.


Financials

Net 10 year lease to low impact NPO tenant provides 8% Cap Rate.