Pinpoint Commercial Real Estate announced today that it has recently closed on an exciting income producing asset in Brandon, Mississippi. The property, located at 255 MarLyn Drive, is currently under renovation to be the first Tesla dealership in Mississippi. The site consists of 3.52 acres and a 24,284 square foot building that is leased to Tesla, Inc. on a long-term lease. This investment property was the ideal fit for a high-net-worth individual participating in a 1031 exchange to reinvest the proceeds from sale of another asset.
Pinpoint’s Sam Cox represented the Buyer in the transaction:
“This is a monument transaction for our firm here at Pinpoint. We were able to source this opportunity on behalf of our client and negotiate a purchase sale agreement. This asset will provide stable cash flows for this individual for years to come and we couldn’t be more excited to help Buyer achieve their goals and objectives!”
For more information on Tesla’s first dealership in Mississippi, click here.
Service Provided
With Pinpoint Commercial Real Estate investment services at your side, we advise individuals or groups looking to real estate investment by providing them with market insights & knowledge with an extensive amount of data to support each decision. Whether you’re a high net worth individual looking to diversify your portfolio or you’re an institutional investor managing other’s capital, we can simplify the process of the property management while mitigating risk. Once we understand what your investment criteria, we can look in every corner of the market to find that deal that aligns with your goals. We pride ourselves on having the competitive advantage over our competition in sourcing quality deals. For more information on the services provided on this transaction click here.