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8888 Faulkner Lake Rd - 440 Storage 33,825 SF Specialty Building Offered at $3,419,250 CAD in North Little Rock, AR 72117
Investment Highlights
- Located along Interstate 440 with frontage exceeding 1,000 feet and exposure to 57,000 vehicles per day.
- Includes one acre of expansion land at the corner of Faulkner Lake Road and Hwy 440W.
- Current occupancy of 70% provides clear upside through professional management and demand-driven rental increases.
- Comprises 304 drive-up units with 33,825 square feet of rentable storage space across 5.21 acres.
- Secure, fully gated property with keypad access, comprehensive security system, and chain-link perimeter fencing.
- Situated in a growing market with nearly 33% population increase in the immediate zip code since 2011.
Executive Summary
440 Storage presents a compelling investment opportunity within the robust North Little Rock self-storage market. Positioned along Faulkner Lake Road with unparalleled visibility from Interstate 440 (averaging 57,000 vehicles per day), this property benefits from exceptional regional connectivity and high exposure. The facility comprises 33,825 NRSF across 304 drive-up units and includes an onsite manager’s apartment. Built in 2001, this asset features secure gated access, perimeter fencing, keypad entry and a fully paved surface to support efficient operations.
With current physical occupancy at 70% and economic occupancy at 32%, there is significant upside potential through operational improvements, lease-up strategies, and rate adjustments. The property sits within a growing trade area characterized by limited self-storage supply, strong rental growth, and new development constraints creating barriers to entry. Additionally, an extra acre of expansion land offers room to scale operations and capture additional market share in this high-demand corridor. Immediate proximity to major employers and residential communities further reinforces long-term revenue growth potential.
With current physical occupancy at 70% and economic occupancy at 32%, there is significant upside potential through operational improvements, lease-up strategies, and rate adjustments. The property sits within a growing trade area characterized by limited self-storage supply, strong rental growth, and new development constraints creating barriers to entry. Additionally, an extra acre of expansion land offers room to scale operations and capture additional market share in this high-demand corridor. Immediate proximity to major employers and residential communities further reinforces long-term revenue growth potential.
Property Facts
| Price | $3,419,250 CAD | Lot Size | 5.19 AC |
| Price Per SF | $101.09 CAD | Building Size | 33,825 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2001 |
| Property Subtype | Self-Storage | Parking Ratio | 0.47/1,000 SF |
| Building Class | C |
| Price | $3,419,250 CAD |
| Price Per SF | $101.09 CAD |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.19 AC |
| Building Size | 33,825 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 0.47/1,000 SF |
Amenities
- Signage
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 24N-001-00-008-00 | Improvements Assessment | $320,986 CAD |
| Land Assessment | $100,611 CAD | Total Assessment | $421,597 CAD |
Property Taxes
Parcel Number
24N-001-00-008-00
Land Assessment
$100,611 CAD
Improvements Assessment
$320,986 CAD
Total Assessment
$421,597 CAD
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8888 Faulkner Lake Rd - 440 Storage
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