Listed by CBRE - Little Rock, Arkansas
$3,800,000
LISA Academy West Middle School
Details
Property Type Office, Special Purpose
Sub Type School
Square Footage 18,796
Cap Rate 7.65%
Lease Expiration 06/29/2027
Lease Options + (2) 5-Year Options to Renew and Extend at 75 bps Annual Escalations
Price per SqFt $202
Price Per Acre $1,719,457
Class B
Year Built 1965
Year Renovated 2019
Stories 2
Acreage 2.210
Zoning O-2
Parking Spaces 80 spaces
Parking Per SqFt 4.26
Office/School Facility | 18,796 SF
Marketing description
LISA Academy Arkansas Hybrid School, located in Little Rock, Arkansas, serves hybrid students in grades K-12. The school consists of one building and three portable buildings (used for storage) totaling 18,796 square feet on 2.21 acres. LISA Academy Arkansas Hybrid School is part of the charter holder Lisa Academy, which has 13 Schools Statewide serving nearly 4,000 students.
Investment highlights
18,796± SF Total on Two Floors
100% Sprinkled
New Roof in 2019
Office, Classroom and Conference Interiors
2.21± Acre Lot
Great User and Corporate Location with Convenient Access to the I-630/I-430 Interchange
Net Lease with Landlord Responsible for Roof & HVAC Replacement
June 30, 2027 Lease Expiration
(2) 5-Year Options to Renew and Extend at 75 bps Annual Escalations
Market Little Rock/N Little Rock
Submarket Arkansas North Area
Listing Contacts
Listed by CBRE - Little Rock, Arkansas
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