Oak Trace - Medical and Executive Office Park of Northwest Arkansas

For Sale

901 SE 28th St, Bentonville, AR 72712

This Bentonville property for sale is located at 901 SE 28th St. The general use of Oak Trace - Medical and Executive Office Park of Northwest Arkansas is office and it incorporates 100,183 square feet of class B office space. The current listed sale price for Oak Trace - Medical and Executive Office Park of Northwest Arkansas is $13,500,000. Oak Trace - Medical and Executive Office Park of Northwest Arkansas is situated on a lot that is 11 acre in size.

Contacts

broker

Timothy Salmonsen

Salmonsen Group Realtors, Bentonville, AR

(479) 231-1355

Property Details

  • Property Type Office - General Office
  • Property Size 100,183 SF
  • Units 83
  • Lot Size 11 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2006
  • Year Renovated 2023
  • Date Updated Apr 26, 2024
Located Near The Intersection of J St and 28th St in the Heart of Bentonville AR. Less than 2 miles south of Walmart's New Global Campus being built on 350 acres at the intersection of J St and 14th St. This property is 2.5 miles south of downtown Bentonville, Arkansas where the avg price per sq ft for housing is nearing $500 to $600 psf.Executive Medical and General Office Park that is 95.4% Leased, Priced WELL-BELOW Replacement cost at $134.75 PSF! A True 6.8% Cap Rate offering. This deal is located in the heart of Booming Bentonville, Arkansas. Bentonville is one of the fastest-growing market centers in the country! Additionally, this investment offers a solid mix of great tenants: Roughly 33% Medical, 44% General Business, 17% Walmart Vendor/Supplier-Related Industry, and 6% Child Services such as daycare or after school services such as tutoring. Major immediate upside lies in the fact that the rents across the occupied space is only leased at $15.84 PSF FULL SERVICE. The average rents in Bentonville for office space is $21 PSF, and most of that is not full service space. At Oak Trace Tenants are convenienced witht the fact that all they have to do is move in their belongings and turn on their own internet/phone. Landlord pays for electric, gas, water, light janitorial, CAM, Taxes, and insurance. Nestled between two of the busiest streets in town, S. Walton Blvd. & SE J St.; This offering includes 100,183 sq ft of medical / general office space comprising of 17 buildings with 83 units. 11 of the 17 buildings already have brand new roofs and the other 6 will be brand new by closing for the new buyer to enjoy the luxury of having brand new roofs. The property is on a sprawling 11 acre parcel, estimated to be worth $5,000,000 in itself. The asset boasts Major Road Frontage on SE 28th St. which sees over 12,000 VPD! Conveniently close to everything, this property is less than 2.5 miles from downtown Bentonville, Crystal Bridges Museum, & less than 2 miles from the site of Walmart’s new 350-acre Home Campus with easy access to I-49.Excellent and affordable full-service office space located in the heart of Bentonville approximately one mile from the new Walmart Corporate Headquarters and conveniently close to NW Medical, the Sam's Club Home Office and more! Price includes light janitorial and all utilities with the exception of phone, cable, and internet. Buildout negotiable depending on lease terms. This space will not last long so schedule an appointment today to tour this property and see why this space is perfect for your business!

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Highlights

  • 95.4% Leased Office/Medical Office in Heart of Bentonville
  • Immediate Upside in Raising Rents - Only $15.84 FULL SERVICE, being collected over the occupied spaces
  • Avg Bentonville Office Rents for the last year are about $21, most not full service
  • Rents should stabilize here at $19 or so in the next 12-24 months - Proforma 8.6% Cap Rate
  • 17 Total Buildings - 11 Have New Roofs - All will be new at Closing
  • Office Complex Sits on 11 Acres - Estimated to be worth $5M
  • Diverse set of Office Tenants: Medical, Vendors, Suppliers, and Contractors Alike
  • Upside in raising the rents, and continued strong leasing efforts
  • Priced Below Replacement Cost at $134.75 PSF

Attachments

Getting around

  • 30/100

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  • 37/100

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Location

  • City Bentonville, AR
  • Neighborhood Cottonwood Village
  • Zip Code 72712

Points of Interest

  • Kum & Go

    0.97 miles

  • Shell

    1.16 miles

  • Conoco

    1.23 miles

  • Phillips 66

    1.50 miles

  • eVgo

    1.79 miles

  • Sam's Club

    1.95 miles

  • Murphy USA

    1.97 miles

  • Casey's General Store

    2.72 miles

  • Kum & Go

    2.88 miles

  • Walmart

    3.00 miles

  • Walton Life Fitness Center & Tennis Facility Parking

    1.18 miles

  • Walmart Home Office Parking

    1.51 miles

  • Wal-Mart Call Center Parking

    1.52 miles

  • Wal-Mart Pharmacy Repack Parking

    1.54 miles

  • Wal-Mart Home Office South Parking

    1.66 miles

  • Sam's Home Office Parking

    1.68 miles

  • David Glass Technology Center Parking Southwest Lot

    1.69 miles

  • David Glass Technology Center Parking West Lot

    1.73 miles

  • Sam's Club Parking

    1.77 miles

  • David Glass Technology Center Parking

    1.81 miles

  • La Quinta Inn & Suites by Wyndham Bentonville

    0.52 miles

  • Comfort Suites Bentonville - Rogers

    0.84 miles

  • Holiday Inn Express

    0.91 miles

  • Super 8

    0.96 miles

  • Hilton Garden Inn

    0.99 miles

  • Element Bentonville

    1.00 miles

  • SpringHill Suites

    1.04 miles

  • Days Inn

    1.06 miles

  • Comfort Inn

    1.12 miles

  • Fairfield Inn

    1.20 miles

  • World Food

    0.69 miles

  • Convenience with Fuel

    1.21 miles

  • Walmart Neighborhood Market

    1.30 miles

  • Belk

    1.43 miles

  • Ross

    1.43 miles

  • Kohl's

    1.45 miles

  • Akin's Natural Foods

    1.49 miles

  • Marshalls

    1.56 miles

  • Aldi

    1.60 miles

  • Walmart Neighborhood Market

    1.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Timothy Salmonsen

Salmonsen Group Realtors, Bentonville, AR

(479) 231-1355