7360 Ar 7Bismarck, AR 71929

For Sale
$4,250,000
High-yield, value-add storage investment

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Arkansas self-storage portfolio comprises five strategically located facilities totaling 110,115 net rentable square feet across 12.77 acres in Bismarck and Hot Springs. The portfolio includes 536 units, a mix of climate-controlled and non-climate-controlled options, plus boat/RV parking. Currently boasting 86.16% occupancy and a strong NOI of $373,322, the portfolio offers significant upside potential through pro-forma NOI of $519,215 and a pro-forma cap rate of 12.22%. Recent renovations in 2023 include a state-of-the-art laundromat, the only one within a 30-mile radius with new equipment and digital payment options. Two on-site apartments provide additional income streams

Highlights

  • Five-property self-storage portfolio totaling 110,115 net rentable square feet (NRSF) on 12.77 acres in Bismarck and Hot Springs, Arkansas.
  • 8.78% current cap rate, with 86.16% occupancy.
  • 536 units: 44 climate-controlled and 364 non-climate-controlled, plus 127 boat/RV parking spaces (28 enclosed).
  • Newly remodeled laundromat with state-of-the-art equipment and digital payment options.
  • On-site management unit and an additional apartment with a long-term tenant.
  • Newly constructed climate-controlled building and approved expansion onto an additional 5 acres.

Property Details for 7360 Ar 7

Property type
Self storage facilities
Square Feet
120,000 SF
Year Renovated
2023
Buildings
19
Stories
1
Lot Size (sq. ft)
556,261 SF
Units
536

Location Insight

City
Bismarck
County
Hot Spring
State
Arkansas
Latitude
34.325085
Longitude
-93.1725798
7360 Ar 7, Bismarck, Arkansas

FAQs

What type of property is this?
Self storage facility - High-yield, value-add storage investment
Where is the self storage facility located?
The property is located at 7360 Ar 7 Bismarck, AR.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Five-property self-storage portfolio totaling 110,115 net rentable square feet (NRSF) on 12.77 acres in Bismarck and Hot Springs, Arkansas.; 8.78% current cap rate, with 86.16% occupancy.; 536 units: 44 climate-controlled and 364 non-climate-controlled, plus 127 boat/RV parking spaces (28 enclosed).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7360 Ar 7
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message