$12,300,000
$13,500,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
100,183 SqFt
SOLD DATE : 05/07/2024
Key Details
Sold Price $12,300,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 100,183 sqft
Price per Sqft $122
MLS Listing ID 1268825
Sold Date 05/07/24
Construction Status Resale (less than 25 years old)
HOA Y/N No
Year Built 2006
Annual Tax Amount $17,979
Lot Size 11.000 Acres
Acres 11.0
Lot Dimensions Irregular
Property Sub-Type Office
Property Description
Executive Medical/General Office Park that is 95.4% Leased, listed for a true 6.8% Cap Rate, and Priced WELL-BELOW Replacement cost at $134.75 PSF! Located in the heart of Booming Bentonville, one of the fastest-growing market centers in the country! Additionally, this investment offers a solid mix of tenants: Roughly 33% Medical, 44% General Business, 17% Walmart Vendor/Suppliers, and 6% Child Services such as daycare and tutoring centers. Nestled between two of the busiest streets in town, S. Walton Blvd. & SE J St.; This offering includes 100,183sqft comprising of 17 buildings with 58 units. 11 of the buildings have brand new roofs, the other 6 will be brand new by closing for the new buyer to enjoy. The property is on a sprawling 11-acres, estimated to be worth $5,000,000 in itself. Boasting Major Road Frontage on SE 28th St. which sees over 13,000 VPD! Conveniently close to everything: Downtown Bentonville, Crystal Bridges Museum, & Walmart's new 350-acre World HQ, all within 2.5 miles & easy access to I-49.
Location
State AR
County Benton
Zoning N
Direction Property is located between S. Walton Blvd and SE J Street in Bentonville.
Rooms
Basement None
Interior
Heating Central
Cooling Central Air
Equipment Satellite Dish
Exterior
Exterior Feature Storage
Community Features Trails/Paths
Utilities Available Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
Roof Type Architectural,Shingle
Road Frontage Main Thoroughfare
Building
Lot Description Business Park, Central Business District, City Lot
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Stucco
New Construction No
Construction Status Resale (less than 25 years old)
Others
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Keller Williams Market Pro Realty Bentonville West
Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "






