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Single-Tenant Office

U.S. Geological Survey

308 Airport Rd S, Pearl, MS 39208

Listing Price: $2,350,000

Cap Rate
7.72%
Gross SF
20,094
Rentable SF
20,094
Price/Gross SF
$116.95
Lot Size
2.26 acres
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to offer for sale this
single-tenant government office building occupied by the
U.S. Department of the Interior – U.S. Geological Survey
(USGS) located at 308 Airport Rd. S, Pearl, MS. The
property consists of a 20,094-square foot office building
which was constructed in 1995 and renovated in 2024 as
a build-to-suit for the USGS. The USGS signed a renewal
for a 2nd generation 15-year lease with 13 years firm
effective July, 2022.
The Pearl, MS USGS underwent a $180K renovation in
2024, including renovated bathrooms, light fixtures, and
interior painting. The parking lot was re-surfaced and
striped also.

Investment Highlights

  • Single Credit Tenant - United States Government Lease – Department of Interior - USGS, AAA (Moody's) Credit Rating
  • Build-to-Suit Facility in 1995 for the Department of Interior – U.S. Geological Survey
  • Renewed 2nd Generation 15 Year Lease with 13 Years Firm with an Effective Date of July 1, 2022

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Single-Tenant Office

U.S. Geological Survey

Listing Price: $2,350,000

Cap Rate
7.72%
Gross SF
20,094
Rentable SF
20,094
Price/Gross SF
$116.95
Lot Size
2.26 acres
Year Built
1995

Investment Highlights

  • Single Credit Tenant - United States Government Lease – Department of Interior - USGS, AAA (Moody's) Credit Rating
  • Build-to-Suit Facility in 1995 for the Department of Interior – U.S. Geological Survey
  • Renewed 2nd Generation 15 Year Lease with 13 Years Firm with an Effective Date of July 1, 2022

Investment Overview

Marcus & Millichap is pleased to offer for sale this single-tenant government office building occupied by the U.S. Department of the Interior – U.S. Geological Survey (USGS) located at 308 Airport Rd. S, Pearl, MS. The property consists of a 20,094-square foot office building which was constructed in 1995 and renovated in 2024 as a build-to-suit for the USGS. The USGS signed a renewal for a 2nd generation 15-year lease with 13 years firm effective July, 2022. The Pearl, MS USGS underwent a $180K renovation in 2024, including renovated bathrooms, light fixtures, and interior painting. The parking lot was re-surfaced and striped also.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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