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Great Tenant Credit Investment - Acrisure Ins 32 Southpointe Dr 6,000 SF Office Building Paragould, AR 72450 $850,000 ($141.67/SF) 7.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Property
- Significant exposure to 29,000+ CPD
- High quality tenant
- Newer construction all brick facility
- Surrounded by rapid residential & commercial growth
- Global Tenant
EXECUTIVE SUMMARY
Acrisure is a leader globally in the insurance industry. They have a presence in more than 21 countries, with 17,000+ employees, and revenues approaching $5Billion.
This office building features attractive brick construction and is conveniently located next to the Paragould Community Center, Water Park, and Parks and Recreation facility. Situated in a quiet professional office and medical development, the property benefits from high visibility at the intersection of HWY 49 and the new HWY 412 bypass. With traffic counts of approximately 25,000 vehicles per day on HWY 49 and 4,100 on HWY 412, this location offers excellent exposure. Located in south Paragould, the area is experiencing significant growth, with the market and real estate poised for continued meaningful development.
This office building features attractive brick construction and is conveniently located next to the Paragould Community Center, Water Park, and Parks and Recreation facility. Situated in a quiet professional office and medical development, the property benefits from high visibility at the intersection of HWY 49 and the new HWY 412 bypass. With traffic counts of approximately 25,000 vehicles per day on HWY 49 and 4,100 on HWY 412, this location offers excellent exposure. Located in south Paragould, the area is experiencing significant growth, with the market and real estate poised for continued meaningful development.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
6,000 SF
Building Class
B
Year Built
2000
Price
$850,000
Price Per SF
$141.67
Cap Rate
7.58%
NOI
$64,451
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.29
Lot Size
0.48 AC
1 1
PROPERTY TAXES
| Parcel Number | 1612-00003-000 | Improvements Assessment | $108,130 |
| Land Assessment | $16,800 | Total Assessment | $124,930 |
PROPERTY TAXES
Parcel Number
1612-00003-000
Land Assessment
$16,800
Improvements Assessment
$108,130
Total Assessment
$124,930
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Great Tenant Credit Investment - Acrisure Ins | 32 Southpointe Dr
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