Value-Add Industrial Portfolio at 12711 Mac Arthur Drive
$3,650,000
12711 Mac Arthur Drive, North Little Rock, AR 72118
55,250 SF
Square Feet
$66
PPSF
Property Description
Grandstone Investment Sales presents Budget Mini Storage Conway and Budget Mini Storage of North Little Rock, a well priced value-add two property portfolio totaling 55,250 Net Rentable Square Feet. Budget Mini Storage Conway, located just off I-40, offers strong visibility and is supported by robust demographics, with over 70,000 residents within five miles. Budget Mini Storage of North Little Rock is well priced & below replacement cost at $74 per square foot, featuring 76% of climate-controlled units in a market with 4.44 Net Rentable Square Feet of Climate Control within a 5 mile radius. The North Little Rock property sits on 3.96 acres, providing room for expansion, and benefits from strong local demographics, with over 36,000 residents within five miles and an average household income of $104,000. The portfolio is available for purchase either together or separately.
Property Details
Asset Type
Industrial
Year Built
2018
Submarket
North Little Rock
ZIP
72118
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$207,634
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$17,303
Annual Debt Service
$207,634
View on Map
Address
12711 Mac Arthur Drive
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North Little Rock Industrial Market Snapshot
Boundary boundary · Industrial · Sale
No investors found in this market.
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