Improved Commercial for Sale - Gulfport, MS
This is the sale of a Primary 16th Section Leasehold interest. 2 Sub-Leasehold interests have been sold to MAACO operator and Kayak Store owner. These two sub-leaseholders pay their prorata share of the Primary Leasehold. The strip center pays their prorata share and the 16th Sec. Lease Payments is passed through to the tenants on a per SF basis. Landlord is responsible for Exterior of building including the roof, walls, parking lot, landscaping and any exterior plumbing. Spaces are built out to vanilla box (i.e. sheetrock walls ready for paint; two restrooms; drop ceilings with lighting; standard electrical, HVAC equal to 1 ton per every 300 SF of space. All tenants have negotiated Tenant Improvement Allowances from $10/SF to $20/SF.
Would you like more information regarding this property?
Please call (228) 863-0232.
Data Provided by:
Mississippi Gulf Coast MLS