Listed by Imhoff Commercial
$9,975,000
Self Storage Prairie Grove, Arkansas
Details
Property Type Self Storage
Sub Type Storage
Square Footage 121,200
Net Rentable (SqFt) 121,200
Occupancy 66%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 9.20%
Pro-Forma NOI $914,220
Price per SqFt $82
Year Built 2024
Year Renovated 2024
Buildings 22
Stories 1
Self Storage | $82.00/RSF | 121,200 RSF
Marketing description
Imhoff Commercial and The Jordan Group are pleased to present the exclusive listing for a self storage property located at 1021 E Butler St, Prairie Grove, Arkansas and 930 E Parks St, Prairie Grove, Arkansas. The property consists of roughly 121,200 net rentable square feet of building space on 15 acres of land. A recent expansion of 60,160 net rentable square feet was completed on the property in 2024.
Investment highlights
- Pricing: $9,975,000
- Cap Rate: 4.5% (current, at +/-66% occupancy)
- Cap Rate: 9.2% (proforma)
- Price PSF: $82.00± / Rentable SF
- Occupancy: ±66% total occupancy (expansion is in lease up)
- Current Monthly Rent Income: $51,000
- Address: 1021 E Butler St, Prairie Grove, AR
- 930 E Parks St, Prairie Grove, AR
- Building: 121,200 SF
- Total land: ±15.0 acres
- Built: 64,900 SF built in 2007-2013 (930 E Parks St) plus 60,160 SF expansion built in 2024 (1021 E Butler St)
- Number of Buildings: Twenty-Two
- Climate: 26,766 SF Climate, 92,450 SF Non-Climate
- Expansion Land: ±5 acres to build phase 2 of expansion. Plans show an additional ±115,000sf can be added.
- Financials: Available upon request
- Location:
- Approximately 40 minutes from NWA Regional Airport
- Companies headquartered nearby: Walmart, SAM’s Club, JB Hunt, Tyson
- Located in Northwest Arkansas, one of the fastest growing areas in the country
Listing Contacts
Listed by Imhoff Commercial
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