901 SE 28th Street, Bentonville, AR 72712

$12,300,000
100,183
SqFt

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Sold Price
$12,300,000
List Price
$13,500,000
Closing Date
May 07, 2024
Status
CLOSED
MLS#
ARKMLS-1268825
Sq. Ft
100,183
Acres
11
Year Built
2006

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.

Additional Information

Taxes
$17,979
Roof
Architectural, Shingle
Foundation
Slab
Basement
None
Heating
Central
Cooling
Central Air

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Market Pro Realty Bentonville West.

Selling Office: Keller Williams Market Pro Realty Bentonville West.