West Memphis Medical Portfolio Office FOR SALE


West Memphis, AR
$1,900,000 USD
479-317-1372
, West Memphis, AR for Sale
$1,900,000 USD
Office - FOR SALE
1/16
null | 8.4% Cap Rate

West Memphis Medical Portfolio
West Memphis, AR


HIGHLIGHTS

  • Stable Occupancy and Income:
  • Favorable Medical Tenant Mix
  • Value-Add Opportunity/Upside Potential
  • Significant Capital Improvements
  • Strategic Healthcare Location
  • Significant Economic Investment in Area

OVERVIEW

Excellent opportunity to acquire a fully-occupied, five-building (seven-suite, 19,663+/- SF) medical portfolio in West Memphis, AR, located in the Memphis, TN MSA, just eight miles from downtown Memphis. Healthcare real estate offers investors the opportunity for stable returns and long-term growth. This portfolio provides both: secure income and the opportunity to increase future returns through rental rate increases and a decrease in owner responsibility for OPEX. Lease terms range from 3-5 years, and two of the leases include renewal options and rent escalations. A diverse and complementary medical tenant mix results in synergies within the portfolio, including cross-referrals among tenants, creating a more economically dynamic and resilient asset. Each building is well-maintained and in a strong location for healthcare services. There has been over $120,000 in recent owner and tenant improvements, enhancing the portfolio's long-term value and reflecting the tenants' commitment to continued operations in the area. The buildings have convenient highway access to US Hwy 70 (17,000 VPD) and are in a medical district with a high concentration of other medical service and allied health providers. West Memphis boasts a 97% medical office building occupancy rate, and the city is experiencing significant economic momentum, evidenced by recent and planned government and corporate investments, including a $4B Google data center, making this a prime time to acquire a recession-resistant asset in the city.

ASK ABOUT THIS PROPERTY

Ashley HabigerDelta PropertiesMore Info
479-317-1372

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Ashley HabigerDelta PropertiesMore Info
479-317-1372

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