403 Towne Center Boulevard

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403 Towne Center Boulevard

Ridgeland, MS 39157
Asking Price
$555K
Asset Type
Office
Class
Class B

What's Special

403 Towne Center Boulevard is situated within the Renaissance at Colony Park area of Ridgeland, Mississippi. This established commercial district features a master-planned layout characterized by high-end retail, professional services, and diverse dining options within walking distance. The property benefits from immediate proximity to Highland Colony Parkway, a primary north-south corridor, and provides efficient access to Interstate 55. This central location connects the asset to the broader Jackson metropolitan area and its surrounding residential communities. The building is suited for professional services, corporate headquarters, or medical administrative offices seeking a high-visibility environment. Typical tenants often include legal firms, financial services companies, insurance agencies, and regional operations for established corporations. The surrounding infrastructure and nearby amenities support businesses that require a collegiate atmosphere for employee retention and a convenient location for client meetings. The office layout caters to organizations requiring a mix of private workspaces and collaborative environments.

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NOI
$80,000
Cap Rate
14.41%
DSCR
2.43
Strong
Cash-on-Cash
28.26%
Monthly Payment
$2,745.837
Annual Cash Flow
$47,049.954

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