7360 Ar 7 Bismarck, AR 71929
- Self storage facilities
- 120,000 SF
- 12.77 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 7360 Ar 7
- Lot size
- 12.77 lot acres
- Property size
- 120,000 SF
- Property type
- Self storage facilities
Description
This exceptional Arkansas self-storage portfolio comprises five strategically located facilities totaling 110,115 net rentable square feet across 12.77 acres in Bismarck and Hot Springs. The portfolio includes 536 units, a mix of climate-controlled and non-climate-controlled options, plus boat/RV parking. Currently boasting 86.16% occupancy and a strong NOI of $373,322, the portfolio offers significant upside potential through pro-forma NOI of $519,215 and a pro-forma cap rate of 12.22%. Recent renovations in 2023 include a state-of-the-art laundromat, the only one within a 30-mile radius with new equipment and digital payment options. Two on-site apartments provide additional income streams
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Hot Spring
- State
- Arkansas
- Longitude
- -93.1726
- Latitude
- 34.3251