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Auction Detail

Great income property--$446,750 NOI

Warehouse Space

This property is listed by Rector Phillips Morse.  Please allow us to make an offer for your!

NOI - $446,750
824 N. Palm, North Little Rock, AR
300,000 total SF. 20,000 SF of office space 

Be sure to download brochure under "documents"

 

Details

Exterior:

Exterior

Exterior 2:

Exterior 2

:
:

Click on any image to view larger.

Warehouse: 300,000 total SF (offices 20,000 SF), 6" reinforced concrete floor, 18" ceiling height, sprinkler system, 4 RR spur loading doors. All utilities available, Zoned: I-2

Front side: 1 drive-in door; 14 dock high doors
Back side: 2 drive-in doors; 6 dock high doors

Land area: 13 AC +/-
RE Taxes: Approx. $20,000

Currently leased
   Lease Rate: $41,000 per mo.
   Lease Expiration: March 13, 2014 with one 5 year option with CPI escalation not to exceed 7%

Gross Income:                    $492,000
   Expenses
      Insurance: $25,250
      RE Taxes:  $20,000
                                        $  45,250 
NOI                                  $ 446,750       

 

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