$1,750,000
$2,000,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
1500 Phyllis St Bentonville, AR 72712
7,560 SqFt
Key Details
Sold Price $1,750,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Square Footage 7,560 sqft
Price per Sqft $231
MLS Listing ID 1214853
Sold Date 09/14/22
Construction Status Resale (less than 25 years old)
HOA Y/N No
Year Built 2005
Annual Tax Amount $12,132
Lot Size 1.620 Acres
Acres 1.62
Lot Dimensions 335x211x355x216
Property Description
Turnkey investment opportunity! A 5-year Triple Net Lease started in 2021 and was written with an additional 5-year option to extend the Lease, with an agreed upon rent increase. Excellent condition 7,560 sq ft building. 3,000 office space, 4560 warehouse. Upgraded LED lighting in warehouse, Heat/Air extended throughout entire building on multi units for area temp control. Wired 3 Phase bldg. Upgraded Fiber Optic ran into bldg. with Uninterrupted Dedicated fiber. Close circuit Camera system with independent dvr with online access. A 12 camera Alarm system, monthly service paid by tenant. 3 large offices and oversized conference room. 6- 14x14 overhead doors, storage rooms. Large reception area. 3 bathrooms. A kitchenette. Building is situation on 1.62 acres with 53 parking spaces, completely fenced, privacy with 3 row barb wire, plus 2 wrought iron gates for access and security. Parking lot lighting. Across street from restaurants and Hwy 49 access!
Location
State AR
County Benton
Zoning N
Direction Hwy 49, exit 14th St/Hwy 102. Head West. Turn left on Phyllis. Property on west side of road.
Rooms
Basement None
Interior
Heating Electric, Gas
Cooling Central Air
Appliance Electric Water Heater
Exterior
Fence Fenced
Utilities Available Electricity Available, Fiber Optic Available, Other, Sewer Available, See Remarks, Water Available
Total Parking Spaces 53
Building
Lot Description Central Business District, City Lot
Building Description Metal Siding, Kitchen Facilities,Overhead Doors
Foundation Slab
Water Public
Structure Type Metal Siding
New Construction No
Construction Status Resale (less than 25 years old)
Others
Security Features Security System
Special Listing Condition None
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Bought with Engel & Volkers Bentonville