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Highlights

  • A meticulously maintained train station featuring beautiful early 20th century architecture.
  • This historic centerpiece has over 96,841 square feet of space that are currently leased at a 90% occupancy rate.
  • The charming cobblestone surface parking lot allows for a parking ratio of 2.3 spaces per 1,000 square feet.
  • With long term profitable tenants, Union Station is a great spot for offices, events, restaurants, and more.
  • Strong historic financials with a 7.65% Cap Rate.
  • Located in downtown Little Rock.

Investment Summary

SEE LINK BELOW TO OFFERING MEMORANDUM:
https://www.dropbox.com/sh/s4jm1mv3nef5d5m/AAAbHpH-A8BxjJOXkkbS8rZka?dl=0

The Offering

  • Listing ID: 16222799
  • Date Created: 6/3/2019
  • Last Updated:

ABOUT 1400 W Markham , Little Rock, AR 72201

The beautiful train station sits on over five and a half acres of prime Little Rock real estate that is within walking distance of the State Capitol, 0.7 miles from I-630, 1.3 miles from the President Bill Clinton Library, 2.4 miles from the medical corridor and 5.6 miles from the Clinton National Airport.

Links

Marketing Brochure

Download Brochure

More Attachments

UnionStationOM 8-20
Floor Plan- 4th Floor
Floor Plan- 3rd Floor
Floor Plan- 2nd Floor & Mez
Floor Plan- 1st Floor

Financial Summary (Pro forma - 2019)

Annual Annual Per SF
Gross Rental Income $1,023,662 10.57
Other Income - -
Vacancy Loss - -
Effective Gross Income $1,023,662 10.57
Taxes $73,969 0.76
Operating Expenses $387,816 4.00
Total Expenses $461,785 4.77
Net Operating Income $561,877 5.80

Amenities

  • Air Conditioning
  • Security System
  • Property Manager on Site
  • Signage
  • Restaurant
  • Wi-Fi

Traffic

Collection Street Cross Street Traffic Vol Year Distance
Cantrell Rd la Harpe Blvd, E 38,692 2018 0.23 mi
W 3rd St W 2nd St, W 16,333 2018 0.26 mi
S Victory St W Capitol Ave, S 1,304 2018 0.26 mi
N Chester St la Harpe Blvd, N 9,425 2018 0.36 mi
Martin Luther King Dr Woodlane Dr, N 13,892 2018 0.43 mi

Airport

Drive Distance
Clinton National Airport
12 min 6.3 mi
Walk Score ®
42
Car-Dependent
Transit Score ®
39
Some Transit
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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