3822 Airport Plaza Dr | Texarkana, AR 71854
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3822 Airport Plaza Dr
Texarkana, AR 71854
Department of Homeland Security - New Lease · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Single Credit Tenant – United States Government Lease - U.S. Department of Homeland Security – DHS, AAA (Moody’s) Credit Rating
- Extensive $120,000 Renovation in 2023
- Going-in Capitalization Rate of 7.16% with a Pro-Forma Capitalization Rate of 7.84% and Additional Rent Increase in 2034
- Built-to-Suit, high-security facility in 2000 for the Department of Homeland Security
- Renewed 2nd Generation 17-year lease with 15 years firm term with an effective date of August 1, 2024
PROPERTY FACTS
Property Type
Office
Building Size
8,390 SF
Building Class
C
Year Built/Renovated
2001/2023
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,877 SF
Building FAR
0.10
Lot Size
1.92 AC
Zoning
Ci - General Commercial District
Parking
25 Spaces (3.09 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1060070 | Improvements Assessment | $320,510 |
| Land Assessment | $10,516 | Total Assessment | $331,027 |
PROPERTY TAXES
Parcel Number
1060070
Land Assessment
$10,516
Improvements Assessment
$320,510
Total Assessment
$331,027
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