209 E Wade Ave
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209 E Wade Ave
5,104 SF 100% Leased Industrial Building Mountain Home, AR 72653 £297,331 (£58/SF) 8.01% Net Initial Yield
Investment Highlights
- Cash Flowing investment
- Easy Access
- Annual rent bumps
- Industrial/ Fenced
- 3 year quality tenant with option to renew
Executive Summary
INVESTORS SPECIAL! New 3-year quality tenant in place with option to renew. 8% CAP rate at asking price. New lease effective 1/1/24. 3% annual increases in Rent. Rent $3,000/mo with annual operating expenses of $5,573.54.
Former cross dock facility. Fenced with two gates. Eleven (11) truck high dock doors and one (1) door with concrete ramp for drive in. Property has clean letter from State for removal of UST's. Property has approx, 1,040 SF of built out office space and approx. 4,064+/- SF of warehouse space.
21' column spacing with 10.5' ceiling height. Dock doors 10 x 10.
1.81+/- AC zoned I-1
Former cross dock facility. Fenced with two gates. Eleven (11) truck high dock doors and one (1) door with concrete ramp for drive in. Property has clean letter from State for removal of UST's. Property has approx, 1,040 SF of built out office space and approx. 4,064+/- SF of warehouse space.
21' column spacing with 10.5' ceiling height. Dock doors 10 x 10.
1.81+/- AC zoned I-1
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Yard
- Storage Space
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 007-14945-000 | Improvements Assessment | £20,774 |
| Land Assessment | £9,921 | Total Assessment | £30,696 |
PROPERTY TAXES
Parcel Number
007-14945-000
Land Assessment
£9,921
Improvements Assessment
£20,774
Total Assessment
£30,696
zoning
| Zoning Code | Industrial (Zoned Industrial for commercial/industrial use only. Zoned I-1) |
| Industrial (Zoned Industrial for commercial/industrial use only. Zoned I-1) |
-
Bill Caller, CCIM -
ERA Doty Real Estate
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209 E Wade Ave
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