Industrial for Sale
Catylist Listing ID: 30705147
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 173,560 SF
Gross Land Area: 18.78 Acres
Sale Price: $7,375,000
Unit Price: $42.49 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

SOUTHEAST COMMERCIAL is pleased to offer For Sale or Lease up to 173,560 SF of tilt up concrete and concrete block constructed warehouse space. The building is effectively constructed in four segments, all of which were constructed sometime in the mid-1970's. All of the structures are built upon concrete slab foundations and have concrete walls and roof.

The first two segments are tilt-wall concrete construction with a built up metal roofing system and 28' eave heights. The first segment (Space 2 on Aerial) includes four (4) 10' x 12' overhead doors and the second segment (Space 3 on Aerial) includes two (2) 10' x 12' overhead doors. These structures contain approximately 59,280 square feet each. These two segments both have a break room and two restrooms each. The third segment (Space 4 on Aerial) measures approximately 31,000 square feet, and is similar in construction to the first two segments, also having 28' eave heights. This segment also features four (4) 10' x 12' overhead doors as well as a break room and two restrooms. The fourth segment (Space 1 on Aerial) is also similar in construction, but contains approximately 20,000 square feet and has 45' eave heights. It also has four (4) 10' x 12' overhead doors, a break room, and two rest rooms. The finished areas in each structure include commercial carpet flooring, painted sheet rock walls, and suspended acoustical tile ceilings.

The warehouse areas have concrete walls and floors, and also have various overhead doors connecting the spaces within the structures. The building is high-quality construction and has withstood multiple hurricanes, including Hurricane Katrina in 2005, which virtually leveled most of the surrounding neighborhoods. It was originally developed by the Heinz Family for use in the manufacturing of cat food.

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Additional Details

Nearest MSA: Gulfport-Biloxi
County: Harrison
Tax ID/APN: 1510E-01-003.000
Airports: Gulfport-Biloxi International Airport
Tenancy: Single Tenant
Total Number of Buildings: 4
Year Built: 1973
Construction/Siding: Concrete
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,144 27,507 55,641
Median Age: 34.97 38.32 36.2
Households: 826 11,541 21,749


Photograph of Listing Agent

Tim Carlson

Southeast Commercial of MS, LLC Gulfport, MS 39501
Gulf Coast CMLS Member
Photograph of Listing Agent

Monte Luffey

Southeast Commercial of MS, LLC Gulfport, MS 39501
Gulf Coast CMLS Member
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