Oxford Office Building 405 Galleria, Oxford, MS

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1 Oxford Office Building 405 Galleria, Oxford, MS Overview Property Info Map Site Plan Market Demographics Contacts Overview Wonderful Lease Opportunity in Oxford, MS! 405 Galleria Drive is a 6 space, multi-tenant office building located just off Jackson Avenue, one of Oxford s main thoroughfares and within one half mile of Highway 6. This area of town has seen recent construction and is in close proximity to several retailers, restaurants, hotels and banks. Premier office area for west side of town. There are also many residential subdivisions and student housing complexes nearby. The property has enjoyed strong historical occupancy and rental rates. Asking Rent $18.00/sq. ft. Modified Gross Lease Space available: Suite CD 2,640 sq. ft. Suite F 1,300 sq. ft. Built in 2006/2007 Building Size Approx. 7,880 sq. ft. Land Size acres Conventional Construction with Brick Veneer. Nice exterior and interior finishes 27 parking places Easy access to Jackson Ave. 1

2 Overview Property Info Map Site Plan Market Demographics Contacts Tenants Approx. Sq Ft Tenant Industry Available Date Suite A Charter Road Hospitality 1,300 Hospitality N/A Suite B1 Cotton States Realty 610 Sales & Marketing N/A Suite B2 Northwestern Mutual (moving Sept. 1) 710 Financial Planning N/A Suite C & D Freeland Martz, LLC (Available) 2640 Legal April 1, 2015 Suite E Allstate 1,320 Insurance 90 days Suite F Available 1,300 N/A Immediately Total 7,880* 2

3 Overview Property Info Map Site Plan Market Demographics Contacts Located on Galleria Drive and just off of Jackson Avenue, this office building is near many restaurants, retailers, hotels and banks. This building is a great option for tenants who travel frequently because of its proximity to Highway 6 and also for local travel with its proximity to Jackson Avenue, Oxford s main thoroughfare. 3

4 Overview Property Info Map Site Plan Market Demographics Contacts 4

5 About Oxford, Mississippi Overview Property Info Map Site Plan Market Demographics Contacts Oxford is truly a unique town. With its rich culture and deep history it is evident why Oxford, MS has been highlighted as one of the Best Small Towns for Business in America by American Express and has become the fastest growing county in Mississippi. Oxford is home to the University of Mississippi, better known as Ole Miss, which is experiencing unparalleled growth in its 160 year history and has reached a record enrollment of 18,243 students for the Oxford Campus: a 33% increase from The University is one of the key driving forces behind Oxford s tremendous growth and has helped augment the growth of commerce in the area. Significant Recent Investment in Oxford Market $30,000,000 New High School $300,000,000 New Baptist Memorial Hospital-North Mississippi $75,000,000 estimated value of recently completed student projects including: The Retreat (NYSE: ERD), The HUB, Highland Square, Molly Barr Trails, and Taylor Bend have added in excess of 1500 beds $75,000,000 Expansion of Winchester Plant Photo of Oxford s renowned Square Books, voted Best Independent Book Store in America 5

6 Overview Property Info Map Site Plan Market Demographics Contacts Oxford Lafayette County 2013 Oxford Demographics Population - 20,130** does not include students Households - 9,252 Median Age Average Household Income - $55,502 Oxford Trade Area (30 miles) 2013 Lafayette County Demographics Population - 49,650 Households - 19,472 Median Age Average Household Income - $60, Oxford Trade Are Demographics Population - 152,039 Households - 37,473 Median Age Average Household Income - $50,235 Oxford - Lafayette Lafayette County has grown from 40,007 residents in 2002, to 49,433 residents in % growth rate in 10 years (10.28% from ). Fastest growing county in the state since 2010 (source: Desoto Times Tribune 2013). Only county in Mississippi among the nation s top 100 fastest growing counties. Source: Site To Do Business, a Geographic Information System; Desoto Times Tribune. 6

7 Contact Information Elizabeth J. Randall President/Principal Broker Telephone Overview Property Info Map Site Plan Market Demographics Contacts Associate Broker Telephone Website: Main Office: Fax: About is a commercial real estate firm specializing in investment brokerage, tenant representation/site selection, commercial leasing, development consulting, and general brokerage for commercial real estate and development land. Our focus is clear: helping clients create and preserve wealth through strategic real estate decisions and investments. We serve both individual and institutional clients by diligently developing a thorough understanding of that particular client. At we look to build long-term relationships with clients one property at a time. 7

8 Disclaimer: 405 Galleria, Oxford, MS The information provided within this Marketing Package has been obtained from sources that are believed to be reliable, but Randall Commercial Group, LLC has not verified the information and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. The information has been prepared to provide a summary of highlights and only a preliminary level of information regarding the project. Any interested party must independently investigate the subject property, particularly from a physical, financial, tenant, and overall development standpoint. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. This information is not intended to provide full due diligence on the subject property, as it is the responsibility of the interested buyer to conduct full due diligence with their advisors. has not performed due diligence pertaining to the physical state of the property nor the property s current or future financial performance. Furthermore, no due diligence has been performed regarding the financial condition or future plans for this location. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Past performance, expected or projected performance do not guarantee future performance. Property owners/buyer bear the full risk and exposure of all business, events, and liability associated with such properties. The acreage, size, and square footage of the property and improvements are estimated and should be independently verified. 8