Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale of the fee simple ownership interest in 400 Hardin Road in Little Rock, Arkansas. The property’s major tenants include Southern Bancorp (Headquarters), R.S.S.I Responsive ED Arkansas, The Pointe Outpatient Behavioral Health Services and Team CPR Inc. The subject medical office building was built in 1995 and has been well maintained by the seller for over the last two years. With this property being fully occupied, the upside on this deal comes in the form of rental increases to market rates. As current rents on this property are below-market, there is substantial opportunity to increase rental revenue which will only improve the day one cap rate of 7.96 percent. This property provides a strong day one cash-on-cash return of 11.76 percent. The Sedgwick Parkway Office building offers the opportunity to invest in a stabilized property while still being able to increase the initial cash flow. The multi-tenant, medical office building contains a total of 48,090 square feet of rentable area and is conveniently located less than one mile from the Interstate 430 and Interstate 630 interchange, allowing for easy access to the property. The medical office building is located on the intersection of Hardin Road and Financial Centre Parkway, across from the street from the United States Geological Survey Building and next to the Extended Stay America – Little Rock. Financial Centre Parkway sees a high estimated annual average daily traffic count of 44,000 vehicles. The current tenant mix is comprised of medical tenants including medical laboratories, behavioral healthcare clinic, and a bank, all having modified gross leases in place. The property benefits from strong demographics, serving a three-mile population of approximately 70,984 residents with a one-mile average household income exceeding $64,770.