10382 Express Drive Gulfport, MS 39503

Income producing asset; office portion, 3,200+/- sq ft, recently built out. 9%+/- CAP possible with the following in mind: 5-year lease signed on 6/30/21 with large Artificial Limb & Orthopedic company. Two additional 5-year options available to tenant with 120 days' notice. Owner pays for structural insurance & GL (currently $3,347); real property taxes ($3,335 for 2021); and any substantial repairs required as dictated by lease terms. Tenant pays for all utilities, security services, exterior signage maintenance, and lawn maintenance. Space currently includes: 1 reception room, 2 patient rooms, 4 offices, 1 gait lab (similar to conference room), 2 bathrooms, 1 kitchen / breakroom, 1 storage room, 1 digitizer room, 1 fabrication lab, 1600+/- sq ft warehouse with rollup doors available. Additional undeveloped land in rear of building likely convertible to additional building or parking area(s). Two HVAC systems, 5-ton unit manufactured 10/2019.