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21313691
27073489

103 Frankie Ln, White Hall, AR 71602

JL
AR 00075649, AR SA00075649
Berkshire Hathaway HomeServices Little Rock
Listed by Berkshire Hathaway HomeServices Little Rock
$3,500,000
503 days on market
Updated 90 days ago

103-209 Frankie Lane

Details
Property Type Office
Sub Type Medical Office
Square Footage 18,984
Net Rentable (SqFt) 18,984
Cap Rate 5.44%
NOI $190,387
Occupancy 100%
Tenancy Multi
Lease Type Modified
Class A
Year Built 2014
Buildings 4
Stories 1
Acreage 2.790
Zoning C2
Investment Type Institutional

Highly visible medical office complex with solid tenant occupancy

Marketing description

Offered for sale is a fully leased general office/medical facility. White Hall is somewhat of a suburb of Pine Bluff, Arkansas. Frankie Lane is located just to the south of Pine Bluff, just off Interstate I-530. The property is above the 100 year flood plain. The tenant mix is mostly medical, anchored by a major Arkansas hospital and the State of Arkansas. Project was completed in 2014. Foundation is concrete slab with brick exterior walls. Financial data can be obtained with and executed NDA. Please contact John Lopez at [email protected] or 501-766-9026 with any additional questions.

Investment highlights

Prime Location: Located in a highly trafficked area of White Hall, Jefferson County, Arkansas, fronting highway 365, Dollarway Road, in the heart of the business district.

Customizable Space: 2.79 Acres containing 4 building totaling 18,984 SF

Zoning: C2, for intended use

Lease: Modified Gross, Fully Occupied

Parking: 3.16 / 1000 SF which is within market standards

Convenient Access: Highly traveled road fronting property

Great for Investment

Offering Price: $3,500,000

Listing Contacts

JL
AR 00075649, AR SA00075649
Berkshire Hathaway HomeServices Little Rock
Listed by Berkshire Hathaway HomeServices Little Rock

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$190,387.00
$15,865.58/mo

Valuation Metrics

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DSCR
5.44%
Cap Rate
5.44%
ROI

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