400 W Capitol Ave, Little Rock, AR, 72201-3436, US

400 W. Capitol

Asset description

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.

...

Attributes

Building area net

49,255 sm

Occupancy

50%

Year built

1975

Year renovated

2024

Floors

Media

Investment highlights

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