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1391 Plaza Pl

4,146 SF 52% Leased Office Building Springdale, AR 72764 £625,882 (£151/SF) 6.15% Net Initial Yield

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Investment Highlights

100% occupied - 55% of Building NNN
10 total offices - 2 conference rooms
Reception & break room for each suite

Multi-tenant office space - 3 total suites
425 sf of storage with overhead door
New roof in 2022

Executive Summary

Multi-tenant building for sale. Nicely finished out. All three suites fully leased. Great value add investment property with the potential for lease rate improvements. Great location just off Hwy 412 in Springdale with easy access to I-49!

Sale Flyer

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

4,146 SF

Building Class

Year Built

2006

Price

£625,882

Price Per SF

£151

Net Initial Yield

6.15%

NOI

£38,492

Percent Leased

52%

Tenancy

Multiple

Number of Floors

Typical Floor Size

4,146 SF

Building FAR

0.23

Land Acres

0.41 AC

Zoning

C - Commercial

Parking

15 Spaces (3.62 Spaces per 1,000 SF Leased)

Amenities

Conferencing Facility

Signage

Air Conditioning

Space Availability

1st Floor
2,000 SF
Office
Full Build-Out
Now

Located just off Hwy 412 in Springdale, this 2000 sf office space can serve many needs. Featuring multiple offices, a large conference room and a large area great for an executive office or showroom. 425 sf storage area with an overhead door makes this space unique.