221 Eastline Road - Specialty FOR SALE


Searcy, AR 72143
$1,550,000 USD
870-919-5618
221 Eastline Road, Searcy, AR for Sale
$1,550,000 USD
Specialty - FOR SALE
1/5
null | 9.65% Cap Rate

221 Eastline Road
Searcy, AR 72143


HIGHLIGHTS

  • 9,000 sq ft climate controlled; 16,200 sq ft non-climate controlled
  • Brand new construction next to new 139 unit luxury apartment complex opening in summer of 2024
  • Located in Searcy, Arkansas; home to Harding University and a growing, vibrant economy

OVERVIEW

Searcy is the county seat of White County and it’s largest community at just over 23,000 population. It is a growing community with tremendous activity in building new shopping and commercial, solidifying it as a regional hub for both retail and healthcare. It is also home to Harding University. This new storage facility will be 169 units encompassing 25,200 square feet. 16,200 square feet will be outside accessed traditional storage units, and 9,000 square feet will be climate controlled. It will feature an on site automated rental system and security controlled access gates. Projected NOI from builder's proforma is $125,546 annually. It sits adjacent to the new 139 unit Lexington; a modern, luxury multi-family project slated in open in the summer of 2024. Both of these developments sit next to Lowe’s and Tractor Supply, and just across from the Wal-Mart Supercenter and several other high traffic commercial and hospitality locations (Chick Fil A, IHOP, McAlisters, Holiday Inn Express & Suites, McDonalds, Chili’s, Planet Fitness, WhatABurger, etc.).

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

9.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastline Road Storage

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.2 AC

LAND SF

313,632 SF

ZONING

-

APN/PARCEL ID

016-09955-003

ASK ABOUT THIS PROPERTY

Gary HarpoleHalsey Thrasher Harpole Real Estate GroupMore Info
870-919-5618

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Gary HarpoleHalsey Thrasher Harpole Real Estate GroupMore Info
870-919-5618

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