100 E Peach St - Office FOR SALE


El Dorado, AR 71730
$3,556,000 USD
501-993-6174
100 E Peach St, El Dorado, AR for Sale
$3,556,000 USD
Office - FOR SALE
1/4
null | 10.07% Cap Rate

100 E Peach St
El Dorado, AR 71730


HIGHLIGHTS

  • 83.9% of GLA Leased with Recent Leasing Activity
  • 24% of GLA Leased to Regions Bank - Investment Grade Tenant
  • 18% Leased to Lion Oil Co. (Parent is Delek Logistics Holdings, LLC)
  • Three GSA Leases & two Medical Leases for Additional Security
  • Upside in Leasing Vacancy
  • TPO Roof Materials Warranty

OVERVIEW

The subject property is a 3-story building with a partial basement and containing approximately 39,990 square feet of rentable area. The construction is reinforced steel with a veneer exterior surface. The property is located at 100 E. Peach St in the heart of the very active central business district of El Dorado and just 2 blocks from the Union County courthouse and the Main Street El Dorado, the vibrant town square. Regions Bank occupies 24% of the rentable area of the building and has been at tenant in the building since 2005. The lease reflects 2.0% annual increases. Branch 2024 Deposits: $50,700,000 (26th percentile for Region’s Nationally) Delek Logistics Operating, LLC (NYSE: DKL) & Lion Oil Co. occupy 22% of the rentable area of the building with annual rent increases. The parent company of both entities is Delek US Holdings, Inc. (NYSE: DK). Two leases with recently signed with Odyssey Healthcare Operating A, LP. Odyssey provides home health care and Hospice care services. The vacancy space of 6,439 +/- square feet in 3 suites offers an investor strong upside with leasing potential for additional income.

FOR SALE DETAILS

PRICE

$3,556,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

10.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regions Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

127

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

Commercial

APN/PARCEL ID

0020-00336-000

ASK ABOUT THIS PROPERTY

CJ CropperCrest Realty AdvisorsMore Info
501-993-6174

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CJ CropperCrest Realty AdvisorsMore Info
501-993-6174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.