For Sale
$5,500,000

8101 McClure Drive Fort Smith, AR 72916

High-yield medical office building, 85% occupied.

Source: https://www.naisullivangroup.com

Overview

Added:
Mar 30
Days on market:
29
This exceptional investment opportunity presents a 18,239 square foot multi-tenant medical office park situated on a 2.38-acre lot in Fort Smith, Arkansas, at 8101 McClure Drive, zip code 72916. Built in 2017, the property boasts a strong 85% occupancy rate, generating a substantial net operating income (NOI) of $340,596. The property features a desirable tenant mix and offers ample parking with a ratio of 3.33 spaces per 1,000 square feet. Currently, there are 2,755 square feet of vacant space available, presenting an opportunity for immediate revenue growth. The asking price is $5,500,000, representing a compelling cap rate of 6.2%. This property is an ideal investment for those seeking a stable, high-performing asset in a thriving medical market. The property's size and location make it an attractive option for both investors and owner-occupiers. The building's modern construction and strong tenant base ensure a secure and profitable investment. Serious inquiries only.

Highlights

  • Prime 18,239 SF medical office park in Fort Smith, AR.
  • $5,500,000 asking price with a strong 6.2% cap rate.
  • 85% occupancy and a substantial $340,596 net operating income.

Property Details for 8101 McClure Drive

Property type
Office properties, Medical offices
Square Feet
18,239 SF
Price / Square Foot
$301.55
Year Built
2017
Buildings
3
Stories
1
Total Parking Spaces
54
Elevators
N/A
Net Rentable (sq. ft)
18,239 SF
Lot Size (sq. ft)
103,673 SF
Occupancy
85%
Net Operating Income
$340,596

Location Insight

City
Fort Smith
County
State
Arkansas

FAQs

What type of property is this?
Office property - High-yield medical office building, 85% occupied.
Where is the office property located?
The property is located at 8101 McClure Drive Fort Smith, AR.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime 18,239 SF medical office park in Fort Smith, AR.; $5,500,000 asking price with a strong 6.2% cap rate.; 85% occupancy and a substantial $340,596 net operating income.
How can I contact the broker?
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8101 McClure Drive
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