1851 Excelsior Rd Greenwood, AR 72936-5110

Property Details for 1851 Excelsior Rd

Year built

2022

Lot size

2.40 lot acres

Property size

42,400 SF

Property type

Office buildings

APN

60001-0000-03589-03

APU

6000100000358903

Description

This exceptional investment opportunity comprises two newly constructed Class-A self-storage facilities located in Greenwood and Fort Smith, Arkansas. The properties, totaling 61,945 net rentable square feet, boast 482 units, including climate-controlled and standard options. Strategically positioned with highway frontage, the Greenwood location (opened April 2023) currently enjoys 89.4% physical occupancy and 50.2% economic occupancy, while the Fort Smith location (completed in 2020) shows 93.4% physical and 77.2% economic occupancy. Both facilities feature gated access, video surveillance, and standing seam roofs. The Greenwood site, situated at the intersection of Highways 10 and 71, sits on 2.4 acres and includes 90 climate-controlled and 191 drive-up units, plus an additional 1.0 acre with 41 planned outdoor boat/RV spaces. The Fort Smith facility, on 2.0 acres, offers 68 climate-controlled, 83 drive-up units, and 7 parking spaces. The Greenwood location's proximity to a major highway expansion project (doubling Highway 10 capacity by 2026) presents significant future growth potential. This portfolio offers immediate returns through rate management and parking lease-up, presenting a compelling value-add opportunity with strong historical lease-up activity and significant upside potential. The properties are currently owner-managed.

Location Insight

City

Greenwood

County

Sebastian

State

Arkansas

Longitude

-94.2884

Latitude

35.203

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments