11215 Hermitage Rd - Medical FOR SALE
Little Rock, AR 72211 |
11215 Hermitage Rd
Little Rock, AR 72211
HIGHLIGHTS
- Value-add multi-tenant medical office that is 37% occupied by a diverse tenant mix, with substantial upside for owner/users or investors.
- Includes 10 suites, all enjoying private ground-level entry points, with over 9,000 SF on the second floor available for immediate occupancy.
- Located at a signalized intersection just off the interchange of I-430 and I-630, with direct visibility to over 43,000 daily vehicles.
- Convenient proximity to the Baptist Health Medical Center Little Rock, with 827 beds, offering strong referral and partnership potential.
- Within a performing office submarket, with 6.9% vacancies, 1.9% YOY rent growth, and asking rents approximately 9% above the greater market average.
- Draw from a strong regional workforce and client base, with over 131k residents within 5 miles with an average household income of over $90k.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Value-Add Medical Office near Major Hospital
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
29126
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1981
SPRINKLERS
-
PARKING SPACES
96
LAND DETAILS
LAND ACRES
1.99 AC AC
LAND SF
86,684 SF
ZONING
-
APN/PARCEL ID
44L-069-02-013-00
