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1300 Westpark Dr 13,500 SF 89% Leased Retail Building Little Rock, AR 72204 $1,695,000 ($125.56/SF) 7.25% Cap Rate
Investment Highlights
- 89% leased commercial investment
- Near major retail, dining and services.
- Multiple strong tenants
Executive Summary
This mixed use retail/office storefront building is situated in the Boyle Park/Westpark area of west-central Little Rock, in a corridor characterized by a blend of flex/office, service commercial, and light industrial users. This site benefits from quick access to Interstate 630, a key east-west connector that links I-430 to I-30, supporting efficient access to downtown, medical/education districts along the corridor, and west Little Rock.
Property Facts
Sale Type
Investment
Property Type
Building Size
13,500 SF
Building Class
C
Year Built
1984
Price
$1,695,000
Price Per SF
$125.56
Cap Rate
7.25%
NOI
$122,888
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.28
Lot Size
1.09 AC
Zoning
I-2
Parking
22 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
265’ on Westpark Drive
Amenities
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- LF Staffing
- Professional, Scientific, and Technical Services
- 1,500 SF
- -
- -
- My Medical Supply
- Retailer
- 6,000 SF
- -
- -
- Nu Leif Logistics
- Transportation and Warehousing
- 1,500 SF
- -
- -
- The Financial Firm, LLC
- Finance and Insurance
- 1,500 SF
- -
- -
- Tommy Mathieu & Associates
- Services
- 1,500 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| LF Staffing | Professional, Scientific, and Technical Services | 1,500 SF | - | - | ||
| My Medical Supply | Retailer | 6,000 SF | - | - | ||
| Nu Leif Logistics | Transportation and Warehousing | 1,500 SF | - | - | ||
| The Financial Firm, LLC | Finance and Insurance | 1,500 SF | - | - | ||
| Tommy Mathieu & Associates | Services | 1,500 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
5 Private Offices Centrally located with easy access to I-630 freeway Polished Concrete Flooring Upgraded LED lighting throughout Large Storage Space Minutes to amenities including Target, Chick Fil-A, Park Plaza Mall,& Starbucks.
| Space | Size | Space Use | Position | Available |
| 4 | 1,500 SF | Office | - | Now |
4
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
4
| Size | 1,500 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
5 Private Offices Centrally located with easy access to I-630 freeway Polished Concrete Flooring Upgraded LED lighting throughout Large Storage Space Minutes to amenities including Target, Chick Fil-A, Park Plaza Mall,& Starbucks.
Nearby Major Retailers
Property Taxes
| Parcel Number | 44L-109-00-001-04 | Improvements Assessment | $103,164 |
| Land Assessment | $43,236 | Total Assessment | $146,400 |
Property Taxes
Parcel Number
44L-109-00-001-04
Land Assessment
$43,236
Improvements Assessment
$103,164
Total Assessment
$146,400
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Presented by
P4 Realty Group, LLC
1300 Westpark Dr
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