River East Center
1515 SE Water Ave, Portland, OR 97214
9 290 mètres carrés
Description de l'actif
Jones Lang LaSalle Americas (“JLL”) has been exclusively engaged to offer qualified investors the opportunity to acquire 400 West Capitol (the “Property” or “Asset”), located within the downtown district of Little Rock, Arkansas. Built in 1975 and renovated in 2005, 2015, and 2024, the 530,181 square foot, 30-floor Class A office tower is one of the most iconic office buildings in the state. The property’s location is supported by abundant nearby retail, restaurants, and walkable amenities for daytime employees, as well as its proximity to the Arkansas State Capitol. Current ownership has repositioned the Property and invested significant capital totaling over $14.5M throughout the last few years, primarily attributed to back-of-house modernization. Investors are afforded the unique opportunity to acquire Arkansas’ most iconic office tower with the ability to generate value-add returns via additional lease-up.
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Attributs
Superficie du bâtiment nette
49 255 mètres carrés
Occupation
50 %
Année de construction
1975
Année de rénovation
2024
Nombre d'étages
30
Média
Points forts de l'investissement
- 2ND TALLEST BUILDING IN ARKANSAS AT 30 FLOORS & 454 FEET
- BOASTING THE MOST REGONIZABLE SIGNAGE IN THE STATE & UNIMPEDED, PANORAMIC VIEWS OF DOWNTOWN AND THE ARKANSAS RIVER
- VALUE-ADD OPPORTUNITY WITH STABLE INCOME
- ABILITY TO INCREASE OCCUPANCY AND PUSH RENTS WHILE ACQUIRING WELL BELOW REPLACEMENT COST; SUPPORTED BY STABLE INCOME AND 4.9 YEARS WALT
- PREMIER ON-SITE AMENITIES & LITTLE TO NO BACK-OF-HOUSE CAPITAL NEEDS
- CURRENT AND PAST OWNERSHIP HAS INVESTED SIGNIFICANT CAPITAL INTO NUMEROUS AMENITIES INCLUDING A CONFERENCE CENTER, FITNESS CENTER, AND F&B OPTIONS, AS WELL AS COMPLETED BACK-OF-HOUSE CAPITAL NEEDS
- CENTRAL DOWNTOWN LOCATION
- SUPERIOR CONNECTEDNESS WITHIN A FEW MINUTES DRIVE TO THE CLINTON NATIONAL AIRPORT AND ARKANSAS STATE CAPITOL; WALKABLE SHOPPING, DINING, AND ENTERTAINMENT DESTINATIONS
- ABILITY TO CREATIVELY ALTER THE SKYLINE VIA ANCHOR TENANT ATTRACTION
- ABILITY TO ATTRACT A NEW MULTI-FLOOR TENANT TO ANCHOR THE BUILDING; TENANT CAN TAKE TWO SIDES OF TOP-OF-BUILDING SIGNAGE
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400 W. Capitol (0 Propriétés)
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Dernière mise à jour
21 mars 2025
