Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2849 Marcus & Millichap is pleased to offer for sale a industrial outdoor storage and warehousing facility located at 9464 County Farm Rd. Gulfport, MS 39503 (“Property or Asset”) leased to CrossRoads Building Supply. The inplace lease has ±4.4 years of firm term remaining on an absolute net lease structure with 3.00% annual rent increases, and one (1) 5-year renewal option. The Tenant, CrossRoads Building Supply, is a trusted provider of high quality construction materials and supplies. Headquartered in Oakbrook Terrace, IL, CrossRoads operates in 29 locations across six Midwest and Southeast, with sales exceeding $100 million. They offer a wide range of products, including lumber, drywall, roofing materials, and hardware, catering to contractors, builders, and DIY enthusiasts alike. The Property totals ±15,750 square feet on a ±2.17-acre site in Gulfport, Mississippi, with a brick façade and metal construction. The site is fully paved in the front for customer parking, while the back is gravel for outdoor storage. With a Floor Area Ratio (FAR) of 17%, it is well-suited for the growing trend of industrial outdoor storage. The property includes six (6) drive in doors for versatile commercial use. Located just over half a mile from Interstate 10, it offers direct access to the interstate and is less than eight miles from the Port of Gulfport and less than seven miles from Gulfport-Biloxi International Airport, both vital to the region’s economy. The property serves over 125,000 residents within a 10- mile radius, with a projected annual growth rate of 0.6% from 2024 to 2029. The area has a median household income of $55,972, with more than 60% homeownership.