2964 W Huntsville Ave - Medical FOR SALE


Springdale, AR 72762
$1,499,900 USD
479-231-1355
2964 W Huntsville Ave, Springdale, AR for Sale
$1,499,900 USD
Medical - FOR SALE
1/20
null | Request Cap Rate

2964 W Huntsville Ave
Springdale, AR 72762


HIGHLIGHTS

  • +/- 7,248 SF executive office building that is 100% leased
  • Average days to rent a space in this building is only 59 days - renting is relatively quick
  • 100% leased, generating $134K in annual gross revenue, making it a true 5.9 cap
  • Owner-User or Investment Opportunity
  • Well-maintained exterior and common area

OVERVIEW

100% Leased Office Building! Gross income is $134,000. Still room to raise rents and lower expenses such as reducing the tax assessment and reducing overhead. This property has potential to grow to $145k in gross income, and over $105,000 in net income in the next 9 months. Current cap rate is 5.9%, with the proforma cap at 7%. The property has a brand new roof, concrete parking lot and mostly brick exterior. There is plenty of parking and only about 1 mile from the highway making this an attractive office location for tenants. At this price of $206 PSF, it would be difficult to replace this building with today's construction costs. Avg days to rent a space in this building is only 59 days. This versatile building includes three restrooms, a welcoming reception area, a break room, ample storage, and abundant parking for tenants and visitors. The all-brick exterior and professionally landscaped grounds create a professional and inviting atmosphere. Located on W Huntsville Ave, which sees approx. 23K VPD and approx. 1 mile from I-49, which sees around 105K VPD. Don't miss out on this exceptional investment opportunity!

FOR SALE DETAILS

PRICE

$1,499,900 USD

PRICE/SF

$207 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

C-1

APN/PARCEL ID

815-33995-000

ASK ABOUT THIS PROPERTY

Tim SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

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

Tim SalmonsenSalmonsen Group of KW CommercialMore Info
479-231-1355

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