141 Gateway Drive, Brandon, MS 39042 - office property

Detailed information about office property which situated in Brandon (39042) city, Mississippi state on 141 Gateway Drive.
Located off I-20 in Rankin County, The City of Brandon is a suburb of Jackson, MS, the state capital. Jackson is situated halfway between the New Orleans & Memphis MSA. Rankin County has the states lowest unemployment rate at 5.8%. Brandon, MS (39042) Average Household Income of $68,000 +/-. Property Located Near Crossgates River Oaks Hospital: 134 Bed, 24 Hr. E.R., Level IV Trauma Center, and states only Burn Center.

Additional Information: Location: 141 Gateway Drive, Brandon, MS 39042 Building: 6,671 RSF; 5,000 SF +/- Originally Built in 1995 with a 1,671 SF addition constructed in 2007 Site: 28,837 +/- SF Concrete Parking with 29 Spaces Asking Price: $899,000 Under $135/SF Lease Term: 10 Year Lease commenced on August 1, 2007 (Tenant since 2002) In-Place NOI: $73,230 (Based on August 1, 2012 Rent Increase) CAP Rate: 8.15% Tenant: Fresenius Medical Care (NYSE: FMS) S&P Rated BB+ . Largest US Provider of Dialysis Services and Products, with over 2,700 clinic locations worldwide Rental Rate: $12.50/SF (Increases to $13.13/SF on 8-1-12), Tenant is Responsible for Increase in Taxes & Insurance over 2002 Base Year. 2011 Overage: $ 7,985.36 (Billed and Received)