Sedgwick | 400 Hardin Rd
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Sedgwick 400 Hardin Rd
48,090 SF 100% Leased Office Building Little Rock, AR 72211 £5,639,760 (£117/SF) 8.23% Net Initial Yield
Investment Highlights
- Lighted intersection
- Strong 100% occupancy
- Proximity to hotels, restaurants, banking and shopping
- Located in the heart of the West Little Rock business district
Executive Summary
• In-place, assumable debt with 10-year interest only term
• Property is occupied by professional tenants including Southern Bancorp Bank, Blue Learning, Team CPR, Pinnacle Pointe Hospital (Pinnacle Point is a subsidiary of Universal Health Services, Inc., a publicly traded company with top line revenue exceeding $14 billion in 2023) and Schindler Elevator (Schindler Elevator is a subsidiary of Schindler Group, which is publicly traded)
• Located in the heart of West Little Rock business district, just off Financial Center Parkway on Hardin Road, near the I-630/I-430 Big Rock Interchange
• Lighted intersection at Hardin Rd/Financial Centre Parkway
• Conveniently located close to hotels, restaurants, banking, and shopping
• Strong historical occupancy
• Price is well below replacement costs (15% to 20%)
• Below market rents, which could be in excess of $17.00 PSF
• Property is occupied by professional tenants including Southern Bancorp Bank, Blue Learning, Team CPR, Pinnacle Pointe Hospital (Pinnacle Point is a subsidiary of Universal Health Services, Inc., a publicly traded company with top line revenue exceeding $14 billion in 2023) and Schindler Elevator (Schindler Elevator is a subsidiary of Schindler Group, which is publicly traded)
• Located in the heart of West Little Rock business district, just off Financial Center Parkway on Hardin Road, near the I-630/I-430 Big Rock Interchange
• Lighted intersection at Hardin Rd/Financial Centre Parkway
• Conveniently located close to hotels, restaurants, banking, and shopping
• Strong historical occupancy
• Price is well below replacement costs (15% to 20%)
• Below market rents, which could be in excess of $17.00 PSF
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
48,090 SF
Building Class
B
Year Built
1995
Price
£5,639,760
Price Per SF
£117
Net Initial Yield
8.23%
NOI
£464,152
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
48,090 SF
Building FAR
0.23
Lot Size
4.88 AC
Zoning
O-3 - Office
Parking
180 Spaces (3.74 Spaces per 1,000 SF Leased)
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 44L-069-05-002-00 | Improvements Assessment | £116,308 |
| Land Assessment | £499,523 | Total Assessment | £615,830 |
PROPERTY TAXES
Parcel Number
44L-069-05-002-00
Land Assessment
£499,523
Improvements Assessment
£116,308
Total Assessment
£615,830
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Sedgwick | 400 Hardin Rd
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