16115 Saint Vincent Way - Medical FOR SALE


Little Rock, AR 72223- Outlying West
$10,750,000 USD
501-716-5511
16115 Saint Vincent Way, Little Rock, AR for Sale
$10,750,000 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

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16115 Saint Vincent Way
Little Rock, AR 72223
Outlying West


HIGHLIGHTS

  • Offering is for the sale of the leasehold interest only (ground lease in place).
  • 68.26% occupied Class A medical office building in West Little Rock.
  • Surrounded by Class A medical, retail, multifamily, and office users.
  • Adjacent to The Promenade at Chenal, a premier open-air shopping center, and surrounded by top tier businesses, medical hubs, and upscale living.
  • Chenal Valley has an annual growth rate of 2.69%.

OVERVIEW

Cushman & Wakefield | Sage Partners is pleased to exclusively offer for sale a multi-tenant, Class A medical office building located in the heart of West Little Rock’s highly sought-after Chenal Valley submarket. The offering represents the sale of the leasehold interest in the improvements only, with the property subject to an existing ground lease. The investment provides a value-add opportunity to acquire a high-quality medical asset at or below replacement cost, through the lease-up of existing availabilities, with the added flexibility to accommodate an owner-user through occupancy of available space. The ±42,636 square foot property is surrounded by other Class A medical, retail, and office users and is anchored by a strong roster of healthcare tenants, including St. Vincent Breast & Mammography Screening Center, St. Vincent Imaging, Pinnacle Dermatology, Arkansas Pediatrics, and Edwards Family Dentistry. The property is strategically positioned just off Chenal Parkway, which sees approximately 36,000 vehicles per day, and is less than five miles from Interstate 430. Additionally, the site is immediately adjacent to The Promenade at Chenal, one of Central Arkansas’ premier retail destinations, further supporting tenant demand and long-term occupancy.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chenal Medical Pavilion Two

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

5.2 AC

LAND SF

226,512 SF

ZONING

Commercial

APN/PARCEL ID

53L-036-07-005-01,53L-036-07-005-02

ASK ABOUT THIS PROPERTY

Jason ParkerCushman & Wakefield Sage PartnersMore Info
501-716-5511

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Jason ParkerCushman & Wakefield Sage PartnersMore Info
501-716-5511

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.