10220 Highway 71
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10220 Highway 71
22,370 SF 100% Leased Office Building Fort Smith, AR 72916 For Sale
Investment Highlights
- Newly Constructed Class A Property 2020
- Physical Occupancy 95.3% and Upside with Economic Occupancy at 76.5%
- Professional Style Management Upside
- Exceptional Lease-Up History
- Gated Access, Video Surveillance, Standing Seam Roofs, Concrete Drives
- Remarkable Highway 71 Frontage
Executive Summary
The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this Self-Storage opportunity in Ft. Smith, AR.
Southside Self Storage represents an exceptional opportunity to acquire a strong, stabilized self-storage facility in Ft. Smith, AR. Well-positioned with 2.0 acres of frontage on Highway 71, the owner-managed facility features 68 climate-controlled units, 83 standard storage units, and 1 office. The facility includes 22,370 net rentable square feet covering 159 total units. Newly constructed in 2020 and boasting an extraordinary historical occupancy of 95.3% percent, Southside Self Storage is strategically positioned to provide an investor the opportunity to increase revenue via rate management in the growing market of southern Ft. Smith, AR.
With ideal frontage on Highway 71, Southside Self Storage has unrivalled visibility and access from over 24,000+ vehicles per day. Combining the exceptional location with new residential and commercial growth on the south side of Ft. Smith, the trade area has seen consistent expansion over the last several years.
With multiple opportunities for increased growth, Southside Self Storage is the hard-to-find, owner-operated property with sustained high-level performance. With an outstanding location and the ability to increase effective rents, Southside represents an unique opportunity to acquire a turnkey, class-A facility with a proven occupancy track-record and strong growth potential.
Southside Self Storage represents an exceptional opportunity to acquire a strong, stabilized self-storage facility in Ft. Smith, AR. Well-positioned with 2.0 acres of frontage on Highway 71, the owner-managed facility features 68 climate-controlled units, 83 standard storage units, and 1 office. The facility includes 22,370 net rentable square feet covering 159 total units. Newly constructed in 2020 and boasting an extraordinary historical occupancy of 95.3% percent, Southside Self Storage is strategically positioned to provide an investor the opportunity to increase revenue via rate management in the growing market of southern Ft. Smith, AR.
With ideal frontage on Highway 71, Southside Self Storage has unrivalled visibility and access from over 24,000+ vehicles per day. Combining the exceptional location with new residential and commercial growth on the south side of Ft. Smith, the trade area has seen consistent expansion over the last several years.
With multiple opportunities for increased growth, Southside Self Storage is the hard-to-find, owner-operated property with sustained high-level performance. With an outstanding location and the ability to increase effective rents, Southside represents an unique opportunity to acquire a turnkey, class-A facility with a proven occupancy track-record and strong growth potential.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
22,370 SF
Building Class
B
Year Built
2020
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
22,370 SF
Building FAR
0.25
Lot Size
2.03 AC
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PROPERTY TAXES
Parcel Number | 11886-0001-00000-00 | Improvements Assessment | $194,850 |
Land Assessment | $9,150 | Total Assessment | $204,000 |
PROPERTY TAXES
Parcel Number
11886-0001-00000-00
Land Assessment
$9,150
Improvements Assessment
$194,850
Total Assessment
$204,000
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10220 Highway 71
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