300 Commerce blvd - Office FOR SALE


Hope, AR 71801
$2,375,000 USD
859-907-2006
300 Commerce blvd, Hope, AR for Sale
$2,375,000 USD
Office - FOR SALE
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null | Request Cap Rate

300 Commerce blvd
Hope, AR 71801


HIGHLIGHTS

  • Recently Executed 10 Year / 5 Firm Lease Term through April 30th 2032
  • Federal Government Credit (S&P AA+)
  • Build-to-Suit for the USDA in 2009
  • Tyson Foods developing new $70M, 131,000 SF hatchery in Hope, AR
  • USDA Lease includes 3 separate divisions: Farm Service Agency, Natural Resources Conservation Service and Rural Development.

OVERVIEW

The Ficke Team of Colliers is pleased to exclusively present the U.S. Department of Agriculture (USDA) service center located at 300 West Commerce Boulevard in Hope, Arkansas. The subject property encompasses over 12,624 total square feet located on 4.0 acres and was originally a 2009 build-to-suit for the USDA. The USDA currently occupies 9,020 total square feet (72%) on a 10 year total / 5 firm lease term through April, 30th 2032. The remaining 3,604 square feet (28%) is currently vacant and offers additional cash-flow opportunities through the lease-up of this additional square footage. The subject property houses three USDA divisions—Farm Service Agency, Natural Resources Conservation Service, and Rural Development— representing diverse government services, reinforcing their long-term occupancy commitment. This facility services a total of (14) surrounding counties including: Clark, Garland, Hempstead, Hot Spring, Howard, Lafayette, Little River, Miller, Montgomery, Nevada, Pike, Polk, Saline and Sevier. Hope is a city in Hempstead County in southwestern Arkansas. Hope is the county seat of Hempstead with a vibrant economy including poultry processing, bakery goods, agriculture, auto parts, wood products, audio equipment, and molded plastics. Top employers in Hempstead County include Tyson Foods, Southern Bakeries, and Wal-Mart.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

-

APN/PARCEL ID

700-04742-002

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

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