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300 Commerce blvd 12,624 SF 100% Leased Office Building Hope, AR 71801 $3,315,310 CAD ($262.62 CAD/SF)
INVESTMENT HIGHLIGHTS
- Recently Executed 10 Year / 5 Firm Lease Term through April 30th 2032
- Build-to-Suit for the USDA in 2009
- USDA Lease includes 3 separate divisions: Farm Service Agency, Natural Resources Conservation Service and Rural Development.
- Federal Government Credit (S&P AA+)
- Tyson Foods developing new $70M, 131,000 SF hatchery in Hope, AR
EXECUTIVE SUMMARY
The Ficke Team of Colliers is pleased to exclusively present the U.S. Department of Agriculture (USDA) service center located at 300 West Commerce Boulevard in Hope, Arkansas. The subject property encompasses over 12,624 total square feet located on 4.0 acres and was originally a 2009 build-to-suit for the USDA. The USDA currently occupies 9,020 total square feet (72%) on a 10 year total / 5 firm lease term through April, 30th 2032. The remaining 3,604 square feet (28%) is currently vacant and offers additional cash-flow opportunities through the lease-up of this additional square footage.
The subject property houses three USDA divisions—Farm Service Agency, Natural Resources Conservation Service, and Rural Development— representing diverse government services, reinforcing their long-term occupancy commitment. This facility services a total of (14) surrounding counties including: Clark, Garland, Hempstead, Hot Spring, Howard, Lafayette, Little River, Miller, Montgomery, Nevada, Pike, Polk, Saline and Sevier.
Hope is a city in Hempstead County in southwestern Arkansas. Hope is the county seat of Hempstead with a vibrant economy including poultry processing, bakery goods, agriculture, auto parts, wood products, audio equipment, and molded plastics. Top employers in Hempstead County include Tyson Foods, Southern Bakeries, and Wal-Mart.
The subject property houses three USDA divisions—Farm Service Agency, Natural Resources Conservation Service, and Rural Development— representing diverse government services, reinforcing their long-term occupancy commitment. This facility services a total of (14) surrounding counties including: Clark, Garland, Hempstead, Hot Spring, Howard, Lafayette, Little River, Miller, Montgomery, Nevada, Pike, Polk, Saline and Sevier.
Hope is a city in Hempstead County in southwestern Arkansas. Hope is the county seat of Hempstead with a vibrant economy including poultry processing, bakery goods, agriculture, auto parts, wood products, audio equipment, and molded plastics. Top employers in Hempstead County include Tyson Foods, Southern Bakeries, and Wal-Mart.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
12,624 SF
Building Class
C
Year Built
2009
Price
$3,315,310 CAD
Price Per SF
$262.62 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,624 SF
Building FAR
0.07
Lot Size
4.00 AC
1 1
PROPERTY TAXES
| Parcel Number | 700-04742-002 | Improvements Assessment | $232,393 CAD |
| Land Assessment | $15,425 CAD | Total Assessment | $247,818 CAD |
PROPERTY TAXES
Parcel Number
700-04742-002
Land Assessment
$15,425 CAD
Improvements Assessment
$232,393 CAD
Total Assessment
$247,818 CAD
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300 Commerce blvd
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