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5121 Warden Rd

15,000 SF 100% Leased Office Building North Little Rock, AR 72116 £1,594,240 (£106/SF) 8% Net Initial Yield

Investment Highlights

  • Corporately Guaranteed Lease with Octapharma Plasma, a National Tenant With Over 195 Locations Worldwide
  • In 2023 Octapharma Invested in Significant Interior Improvements and Extended their lease 10-years.
  • New Roof in 2020 with Warranty | Parking Lot was Repaved in 2021 and Three Additional Parking Spaces Added in 2024
  • Over 15 years of Successful Operating History at the Subject Property, Octapharma Has 9 Years Remaining, With 2, 5-Year Options & a 10% Rent Increase
  • Lucky's Pawn & Loan Shop has 2% Annual Rent Increases, With Two, 5-Year Renewal Options, and Tenant Completed Additional Interior Renovations in 2024
  • Property Features Large Pylon Signage With Excellent Visibility From Both Warden Road and US-67/US-167

Executive Summary

15,000-SF, 100% Occupied Two Tenant Center

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
15,000 SF
Building Class
B
Year Built
1984
Price
£1,594,240
Price Per SF
£106
Net Initial Yield
8%
NOI
£127,541
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
15,000 SF
Building FAR
0.37
Land Acres
0.94 AC
Zoning
Commercial
Parking
24 Spaces (1.6 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23N-002-00-003-00
Land Assessment
£102,379
Improvements Assessment
£134,463
Total Assessment
£236,842
  • Listing ID: 33599562

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 5121 Warden Rd, North Little Rock, AR 72116

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