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1 Harold Ives Dr 47,000 SF Industrial Building North Little Rock, AR 72117 $3,421,975 CAD ($72.81 CAD/SF)
Investment Highlights
- ±15.42-acre truck operation with specialized improvements including multiple shop bays, wash bay, and office/residential quarters
- Scheduled increases every five years, providing incremental income growth
- Excellent access to public roadways, supporting regional and national transportation operations – minutes from I-440 and I-40
- Long-term transportation-related tenant with options to extend the lease up to 20 years
- Tenant holds a Right of First Refusal in the event of a sale
Executive Summary
INDUSTRIAL/TRANSPORTATION TERMINAL FOR SALE - 1 Harold Ives Drive, North Little Rock, Arkansas
Large Transportation Campus: ±15.42-acre truck operation with specialized improvements including multiple shop bays, wash bay, and office/residential quarters.
Tenant Stability: Long-term transportation-related tenant with options to extend the lease up to 20 years.
Rent Step-Ups: Scheduled increases every five years, providing incremental income growth.
Right of First Refusal: Tenant holds a Right of First Refusal in the event of a sale.
Unique Flexibility: In the event Tenant does not exercise the ROFR and the property sells, the new owner has the right to terminate the lease after 9 months with 60 days' notice.
Strategic Location: Excellent access to public roadways, supporting regional and national transportation operations – minutes from I-440 and I-40.
Large Transportation Campus: ±15.42-acre truck operation with specialized improvements including multiple shop bays, wash bay, and office/residential quarters.
Tenant Stability: Long-term transportation-related tenant with options to extend the lease up to 20 years.
Rent Step-Ups: Scheduled increases every five years, providing incremental income growth.
Right of First Refusal: Tenant holds a Right of First Refusal in the event of a sale.
Unique Flexibility: In the event Tenant does not exercise the ROFR and the property sells, the new owner has the right to terminate the lease after 9 months with 60 days' notice.
Strategic Location: Excellent access to public roadways, supporting regional and national transportation operations – minutes from I-440 and I-40.
Property Facts
| Price | $3,421,975 CAD | Rentable Building Area | 47,000 SF |
| Price Per SF | $72.81 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1990 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.28/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 11 |
| Lot Size | 20.00 AC | ||
| Zoning | I-2 - I-2 – Light Industrial District | ||
| Price | $3,421,975 CAD |
| Price Per SF | $72.81 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 20.00 AC |
| Rentable Building Area | 47,000 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 1.28/1,000 SF |
| No. Drive In / Grade-Level Doors | 11 |
| Zoning | I-2 - I-2 – Light Industrial District |
1 1
Property Taxes
| Parcel Number | 23N-034-01-020-02 | Improvements Assessment | $435,276 CAD |
| Land Assessment | $117,349 CAD | Total Assessment | $552,625 CAD |
Property Taxes
Parcel Number
23N-034-01-020-02
Land Assessment
$117,349 CAD
Improvements Assessment
$435,276 CAD
Total Assessment
$552,625 CAD
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