Pascagoula Professional Building 1126 Jackson Ave Bureau 3 253 m² 95 % Loué À vendre Pascagoula, MS 39567 2 619 206 € (805,05 €/m²) Taux de capitalisation 9 %

Northmarq Commercial, on behalf of ownership, is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in the Pascagoula Professional Building located at 1126 Jackson Avenue in Pascagoula, Mississippi (the “Property”). Encompassing ±27,350 SF of office space across four floors, the Property is 100% leased with a tenant roster that includes two investment-grade, national credit tenants who combined have a market cap of more than $469 billion and generated more than $264 billion in revenue in CY2024 (Chevron – NYSE: CVX | S&P: AA-; Lockheed Martin – NYSE: LMT | S&P: A-). These two tenants account for 89.2% of the leasable area and 89.4% of the annual rent. What remains is currently being occupied and paid by a bank branch of The First, a subsidiary of Renasant Corporation (NYSE: RNST | KBRA: BBB+) who is vacating at the end of their current term in June 2026; however, current Ownership will be signing a two-year master lease under the same terms and conditions and same rental rate to immediately commence thereafter on July 1, 2026 to ensure no disruption in cash flow.
The Property was renovated in 2019 and is well-positioned amid Pascagoula’s primary commercial corridor where there is a heavy presence of office users, including a majority of the Jackson County government buildings as the city serves as the county seat. Additionally, major economic and population drivers such as Ingalls Shipbuilding (Mississippi’s largest private employer with more than 11,000 personnel), Chevron’s Pascagoula Refinery (a top-ten U.S. refinery with more than seven million gallons of gasoline and other products daily), Pascagoula High School (a top-25 and top-200 public high school statewide and nationwide, respectively) and a major U.S. Coast Guard station are all within five miles.