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21184508
21184509

885 S Miller Dr, Walnut Ridge, AR 72476

CL
TX TX - 677086
ALPHA REAL ESTATE ADVISORS
SK
CA 02018743
ALPHA REAL ESTATE ADVISORS
Listed by ALPHA REAL ESTATE ADVISORS
$1,591,350
514 days on market
Updated 54 days ago

Castino Industries - Molding Manufacturer

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 24,808
Net Rentable (SqFt) 24,808
Units 1
Cap Rate 8.00%
NOI $127,308
Tenancy Single
Lease Type NN+
Year Built 1997
Acreage 5.000
Investment Type Net Lease

Industrial | 24,808 SF

Investment highlights

Terrific Bite-Sized Deal - Cheap price point paired with a strong operating history making this an ideal investment for 1031 exchange investors.

Specialized Labor Advantage - Unique labor market offering specialized, hard-to-find talent that is loyal and cost-effective due to the strategic location of this property.

Pro-Business State with Zero Vacancy - Situated in a pro-business state, this property stands out in a fully occupied market, offering exceptional stability and strong investment potential.

Newly Constructed Long-Term Lease - Tenant recently committed to a newly structured 10-Year lease extension with 8 Years remaining.

Attractive Rental Increases - Property has 3% annual increases demonstrating a strong hedge towards inflation.

Niche Market - Castino Industries has been serving the city of Walnut Ridge since the early 2000’s allowing for a long-term, repeat, established customer base.

Listing Contacts

CL
TX TX - 677086
ALPHA REAL ESTATE ADVISORS
SK
CA 02018743
ALPHA REAL ESTATE ADVISORS
Listed by ALPHA REAL ESTATE ADVISORS

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$127,308.00
$10,609.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Brian Brockman
License
PB00082359
Brokerage
Bang Realty
Brokerage Phone
513-898-1551
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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