EXP Realty Advisors exclusively presents for sale a 224,566 sf concrete tilt up distribution and warehouse property located in Jackson, MS on 22.985 acres. The market is tight with no class A industrial space available due to Nissan suppliers leasing activity. The property is leased to Nissan Motor Co (S&P BBB+) which occupies 179,890 sf (80% of the building) and Jacobson Warehouse Company which occupies 40,318 sf (18% of the building). Nissan has a right of first refusal to lease and expand into the Jacobson space. The property recently underwent major renovations including 14 new truck dock doors, new office and bathrooms for Nissan as well as a four acre concrete trailer parking lot and a new looped truck entrance and exit. These improvements were made in connection with the Nissan lease and Nissan paid 35% of the cost up front. Nissan operates three shifts per day, seven days a week providing sub assembled parts for just in time delivery to the assembly lines in Canton, which are 18 miles away and include the award winning Nissan Altima and the redesigned Nissan Sentra. This Class A property, with 32 foot clear ceiling heights, could not be replicated for the low $3.46 psf rent Nissan is paying. There are no other available properties with 32’ clear heights within 200 miles.
Jackson, Mississippi, a regional distribution hub of the Southern United States. The building was extensively renovated in 2012-2013 which included a new roof on the entire building, upgrading of 22 dock doors, and utilities. The office portion of the building is approximately 5,970 square feet. The property, also known as the I-55 Business Center, is situated on approximately 23 acres and is strategically located near I-55, I-220 and I-20. Jacobson, which occupies 18% of the building, uses the facility for the warehousing and distribution of Marlboro cigarettes and cigars to CVS and Walgreen’s distribution centers. Jacobson has approximately $60 million of tobacco inventory in the building and has 24 hour armed security. - Area description: Jackson is the capital, as well as the most populous city of Mississippi. Jackson is located at the intersection of Interstates 55 and 20 and is known for its base of energy companies and as the heart of the government & legal community. It is strategically located in the center of the southeast United States and within 500 miles of all or part of 15 states and 76 metropolitan areas which comprise approximately 39 percent of the nation's population and 35 percent of the total personal income. Premier access to raw materials, labor and transportation is a competitive advantage to area business. - Tenancy: Multiple Tenants
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