Contacts
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
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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
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Location
- City Bentonville, AR
- Neighborhood Cottonwood Village
- Zip Code 72712
Points of Interest
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Kum & Go
0.97 miles
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Shell
1.16 miles
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Conoco
1.23 miles
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Phillips 66
1.50 miles
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eVgo
1.79 miles
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Sam's Club
1.95 miles
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Murphy USA
1.97 miles
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Casey's General Store
2.72 miles
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Kum & Go
2.88 miles
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Walmart
3.00 miles
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Walton Life Fitness Center & Tennis Facility Parking
1.18 miles
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Walmart Home Office Parking
1.51 miles
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Wal-Mart Call Center Parking
1.52 miles
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Wal-Mart Pharmacy Repack Parking
1.54 miles
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Wal-Mart Home Office South Parking
1.66 miles
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Sam's Home Office Parking
1.68 miles
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David Glass Technology Center Parking Southwest Lot
1.69 miles
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David Glass Technology Center Parking West Lot
1.73 miles
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Sam's Club Parking
1.77 miles
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David Glass Technology Center Parking
1.81 miles
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La Quinta Inn & Suites by Wyndham Bentonville
0.52 miles
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Comfort Suites Bentonville - Rogers
0.84 miles
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Holiday Inn Express
0.91 miles
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Super 8
0.96 miles
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Hilton Garden Inn
0.99 miles
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Element Bentonville
1.00 miles
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SpringHill Suites
1.04 miles
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Days Inn
1.06 miles
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Comfort Inn
1.12 miles
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Fairfield Inn
1.20 miles
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World Food
0.69 miles
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Convenience with Fuel
1.21 miles
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Walmart Neighborhood Market
1.30 miles
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Belk
1.43 miles
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Ross
1.43 miles
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Kohl's
1.45 miles
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Akin's Natural Foods
1.49 miles
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Marshalls
1.56 miles
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Aldi
1.60 miles
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Walmart Neighborhood Market
1.88 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Timothy Salmonsen
Salmonsen Group Realtors, Bentonville, AR
(479) 231-1355