CHT Suites Listing Details & Market Data

Located in the heart of the Lee County Central Business District in historic downtown Tupelo, Ms. Neighbors include the headquarters for BancorpSouth Bank and Renasant Bank among other professional organizationsMulti-tenant office building leased primarily to therapists and counselors. Facility was completely renovated in 2015 including HVAC and roof. As a corner lot, downtown the property has 2 facades of frontage measuring 100' x 78' +/-. All shared street parking. Current tenant roster includes 6 professional organizations. Current leasing plan (included) offers 3 suites of varying sizes, but can be modified to fit alternate sizes. Current owner will engage a sale -leaseback scenario which will begin at closing. Value-add opportunity in which the new owner has the opportunity increase the rate-of-return and value through leasing Current Cap Rate: 6.3%; Current Occupancy Rate: 80%+/-; Pro-forma Cap Rate: 8.95%; Pro-forma Occupancy Rate: 93%Multi-tenant office building leased primarily to therapists and counselors. Facility was completely renovated in 2015 including HVAC and roof. As a corner lot, downtown the property has 2 facades of frontage measuring 100' x 78' +/-. All shared street parking. Current tenant roster includes 6 professional organizations. Current leasing plan (included) offers 3 suites of varying sizes, but can be modified to fit alternate sizes.