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Property Detail

Northtown Drive
Prime industrial investment opportunity featuring two high-bay warehouses totaling 43,800 square.
$4,950,000

Description

  • Prime industrial investment opportunity featuring two high-bay warehouses totaling 43,800 square feet in northeast Jackson.
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  • 48 Northtown Drive, built in 2004, offers 18,800 square feet with a 40-foot clear height and 750,000 cubic feet of storage space.
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  • 50 Northtown Drive, constructed in 2008, features 25,000 square feet, climate control, and 1 million cubic feet of storable space.
  • Both properties are leased to Vital Records Control under a seven-year triple net lease (NNN) with annual rent escalations.
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  • Additional features include metal roofing, insulated sandwich panel walls, and a generator for optimal functionality and safety.
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  • Located just 26 minutes from Jackson-Medgar Wiley Evers International Airport, with swift access to Interstate 55 and the Natchez Trace Parkway.

Executive Summary

Discover an exceptional industrial warehouse investment opportunity at 48 & 50 Northtown Drive in the highly desirable northeast Jackson area. These two high-bay warehouses boast 43,800 square feet of space, perfectly designed for modern business operations.

48 Northtown Drive was built in 2004 and spans 18,800 square feet. Currently utilized as an information warehouse, the property provides a 40-foot clear height and approximately 750,000 cubic feet of storage space, making it ideal for large-scale storage or specialized business needs. 50 Northtown Drive was constructed in 2008 and boasts 25,000 square feet. It also features a 40-foot clear height but has approximately 1,000,000 cubic feet of storable space. Additionally, it is climate-controlled, ensuring optimal conditions for temperature-sensitive materials. Additional features of the properties include metal roofing, insulated sandwich panel walls, and a generator, offering the highest standards of functionality and safety.

Both properties are leased to Vital Records Control (VRC), a well-established enterprise content management solutions leader. With over 35 years in the business, VRC serves more than 35,000 clients across 130+ locations nationwide. They provide many critical services, including document storage, shredding, imaging, digital solutions, and data storage, ensuring compliance and security for healthcare and legal industries.

The properties are currently under a renewed seven-year triple net lease (NNN) agreement with VRC, which was extended in February 2024 and includes annual rent escalations. VRC has been the sole occupant since 2012, demonstrating its long-term commitment to the site. For investors, this provides a reliable, steady source of rental income.

Strategically positioned in a significant industrial node, 48 & 50 Northtown Drive is just 26 minutes from Jackson-Medgar Wiley Evers International Airport (JAN). These warehouses offer quick access to Old Canton Road, which provides convenient connectivity to Interstate 55 and the Natchez Trace Parkway.
 

48 & 50 Northtown Dr

Listing ID : 00953

SKU: 953

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Price History

DateEventPrice
December 16 2024Listed$4,950,000.00