Pinpoint Commercial Real Estate announced today that it has recently closed on the sale of property located at 104 and 106 Diane Drive in Richland, Mississippi. The property is comprised of two (2) industrial buildings totaling 26,580 SF of Net Rentable Area which were recently leased to two (2) National Credit Tenants – Circle K Stores Inc. and Triangle Fastener Corporation.
Pinpoint’s BB Mitchell represented the Seller in the transactions:
“These types of transactions are why I love what I do and why industrial is my core focus. We were able to stabilize these assets with two (2) national credit tenants and achieve an extremely attractive exit capitalization rate, despite the challenging debt market. Strong tenant demand for Industrial Assets is expected to continue for the foreseeable future.”
Service Provided
Pinpoint will provide you with a marketing plan and due diligence that will be appropriate for your individual property attracting lucrative returns in your investment. Through our marketing platforms, we ensure that your exposure is both locally & nationally creating a large database of prospective clients. Co-Brokering is an incremental part of our disposition platform as we assist transactions of large corporations with national brokers in disposing of their real estate property to give them the local competitive advantage. For more information on the services provided on this transaction click here.