Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and...
Transcript of Property Overview - LoopNet · 2019-01-15 · TQL provides domestic freight transportation and...
Property Overview5214 W. Village Parkway | Rogers, Arkansas
Purchase Price: $10,750,000Cap Rate: 7.20%
Brian ShawChief Executive Officer+1 479 845 [email protected]
5100 W. JB Hunt Drive Suite 800Rogers, AR
+1 479 845 3000sagepartners.com
Marshall SaviersPresident, Principal+1 479 845 [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield AllianceCushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
5214 W. Village Parkway4.8 MILES FROM WALMART HOME OFFICE
Matt ImhoffAssociate+1 479 845 [email protected]
Located in the fast growing Northwest Arkansas MSA, the property consists of one
50,000 SF building situated on 3.92± acres.
ADDRESS 5214 W. Village Parkway, Rogers AR
BUILDING SIZE 50,000 SF
LAND AREA 3.92± acres
YEAR BUILT 2003
OCCUPANCY 100%
USE Sales office near Walmart & Sam’s Club HQ
IMPROVED ACCESS New Overpass Just North of Office Park
(Construction Underway)
LAND FOR DEVELOPMENT Includes 0.75± acres ready for development on SW
corner of parcel with waterfront view
FINANCIALS Available upon request TOTAL INCOME $ 913,983
EXPENSES Utilities $ 51,087
Taxes $ 37,117
Maintenance $ 11,171
Management Fee $ 23,535
Insurance $ 5,754
TOTAL OPERATING EXPENSE $ 143,363
Financial Snapshot
Purchase Price: $10,750,000Cap Rate: 7.20%
Rent Roll TENANT SQFT % OF
BLDG.CURRENT LEASE
TERM Advantage Sales & Marketing, LLC 19,400 38.8% 09/17 - 08/22
Total Quality Logistics, LLC 14,171 28.3% 07/18 - 10/24
HP Design Group, Inc. 6,000 12% 11/17 - 02/25Brewery 3,300 6.6% 10 YearsSecond Floor Tenant 1,600 3.2% TBDCommon Area 1,723 3.4%Vacant (Advantage Expansion) 856 - 9,596
TOTALS 50,000*information deemed reliable but not guaranteed
Property Overview5214 W. Village Parkway | Rogers, Arkansas
Brewery/Second Floor $ 14,700
NET OPERATING INCOME $ 770,620
Inte
rsta
te 4
9
W STONEY BROOK RD
W VILLAGE PKWYS 52N
D ST
Birdseye Photo5214 W. Village Parkway | Rogers, Arkansas
19347 SFSUITE 100 (LEASED)
5898 SFSUITE 120 (LEASED)
1312 SF1ST FLOOR COMMON
6280 SFSUITE 110 (VACANT)
143 SFBLDG. COMMON
65 SFVERTICAL
SUITE 120ENTRANCE
SUITE 110ENTRANCE
SUITE 100ENTRANCE
SUITE 100ENTRANCE
MAIN ENTRANCETO 2ND FLOOR
LINE OF FLOOR ABOVE
1" = 20'-0"1 1ST FLOOR PLAN
©20
17C
OR
EAR
CH
ITEC
TS,I
NC
. ALL
RIG
HTS
RE S
ERVE
D
VILLAGE ON THE CREEKS CLUB PROPERTY1ST FLOOR USEABLE SF
N
Suite 110 - TQL 6,280 SF
Suite 100 - Advantage 19,400 SF
Suite 120 - HP Design 6,000 SF
Floor Plan5214 W. Village Parkway | Rogers, Arkansas
WH
3159 SFSUITE 220 (VACANT)
4566 SFSUITE 200 (VACANT)
3143 SFSUITE 210 (VACANT)
1032 SFVERTICAL 369 SF
2ND FLOOR COMMON
OPEN TO BELOW
OPEN TO BELOW
OPEN TO BELOW
OPEN TO BELOW
91 S
FSU
ITE
100
(LEA
SED
)
1" = 20'-0"1 2ND FLOOR PLAN
©20
17C
OR
EAR
CH
ITEC
TS,I
NC
. ALL
RIG
HTS
RE S
ERVE
D
VILLAGE ON THE CREEKS CLUB PROPERTY2ND FLOOR USEABLE SF
N
Suite 210 - TQL 7,273 SF
19347 SFSUITE 100 (LEASED)
5898 SFSUITE 120 (LEASED)
1312 SF1ST FLOOR COMMON
6280 SFSUITE 110 (VACANT)
143 SFBLDG. COMMON
65 SFVERTICAL
SUITE 120ENTRANCE
SUITE 110ENTRANCE
SUITE 100ENTRANCE
SUITE 100ENTRANCE
MAIN ENTRANCETO 2ND FLOOR
LINE OF FLOOR ABOVE
1" = 20'-0"1 1ST FLOOR PLAN
©20
17C
OR
EAR
CH
ITEC
TS,I
NC
. ALL
RIG
HTS
RE S
ERVE
D
VILLAGE ON THE CREEKS CLUB PROPERTY1ST FLOOR USEABLE SF
N
Floor Plan5214 W. Village Parkway | Rogers, Arkansas
ADVANTAGE SALES & MARKETING, LLC
Square Feet: 19,400Original Lease: 9/17 - 8/22Website: www.advantagesolutions.net
Founded in 1987, Advantage Sales & Marketing LLC is now the nation’s leading business solutions provider to manufacturers and retailers. The company offers a customizable suite of technology-enabled sales and marketing solutions designed to drive consumer demand, increase sales, and achieve operating efficiencies. Advantage excels at providing solutions that are flexible, scalable, and able to evolve as business partnerships grow. Owning more than 65 offices in the United States and Canada, Advantage does merchandising for 1,200 clients -- including Johnson & Johnson, Mars, Unilever, and Energizer. Investment group Apax Partners owns a controlling stake in the company. Apax Partners LLP is a British private equity firm, headquartered in London, England. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the fourteenth largest private equity firm.
TOTAL QUALITY LOGISTICS, LLC
Square Feet: 14,171Original Lease: 7/18 - 10/24Website: www.tql.com
Total Quality Logistics is a privately held third-party logistics provider based in Cincinnati, Ohio. TQL provides domestic freight transportation and logistic services. Founded in 1997, TQL is now the second largest freight brokerage firm in the nation. With just over 5,000 employees and offices in 26 states nationwide, TQL boasts an annual sales revenue of over $2 Billion. The company contributes their growth to a combination of industry-leading technology and unmatched service.
Tenant Profiles5214 W. Village Parkway | Rogers, Arkansas
National publications, economists and university researchers recognize Northwest Arkansas as one of the nation’s most successful regions. They are consistent with their praise of Northwest Arkansas, its counties and cities, its economy and businesses, and its quality of life.
NORTHWEST ARKANSAS
BEST IN THE U.S.Lonely Planet, the world’s largest publisher of travel-related books and guides, in February 2016 rankedNorthwest Arkansas at No. 7 in its list of “Best in the U.S.”
BEST CITIES FOR JOBSNorthwest Arkansas in 2017 sat at No. 6 in a ranking of the nation’s Best Cities for Jobs, according to NewGeography.com.
BEST PLACES TO LIVEU.S. News & World Report put the Fayetteville-Springdale-Rogers (Northwest Arkansas) Metropolitan Statistical Area at No. 5 on its 2017 list of Best Places to Live.
FASTEST-GROWING ECONOMY THROUGH 2021The Fayetteville-Springdale-Rogers Metropolitan Statistical Area (Northwest Arkansas) economy, according to a report by IHS Global Insight for the U.S. Conference of Mayors.
Visit http://www.nwacouncil.org/our-regions-ranking/ for more information.
BELLA VISTAThis city, on the northern end of the Northwest Arkansas region, was selected as one of the nation’s 25 Best Places to Retire in 2017 by Forbes. The affordability of housing was a significant factor in the ranking.
BENTONVILLENerdWallet put Bentonville at No. 9 on its list of Best Small Cities for Families in
October 2017. The online publication ranked cities with populations between 25,000 and 75,000 residents.
National Geographic selected Bentonville as one of America’s 20 Best Mountain Bike Towns in May 2017.
FAYETTEVILLEMoney magazine selected Fayetteville as No. 1 on its ranking of Best Places for
Singles Right Now in February 2018.
Money magazine ranked Fayetteville No. 43 of the Top 70 in its September 2017 Best Places to Live.
ROGERSMoney magazine ranked Rogers No. 45 of the Top 70 in its September 2017 Best Places to Live.
S ILOAM SPRINGSMoney magazine ranked Siloam Springs No. 68 of the Top 70 in its September
2017 Best Places to Live.
SPRINGDALEWalletHub ranked Springdale as the nation’s 17th on a list of the Fastest-
Growing Cities in America among 515 cities evaluated in 2017. It sits at No. 6 among small cities.
Money magazine ranked Springdale No. 58 of the Top 70 in its September 2017 Best Places to Live.
SAGEPARTNERS.COM
Area DemographicsNorthwest Arkansas
Aerial 5214 W. VILLAGE PKWY | ROGERS, AR
SUBJECTPROPERTY
PAULINE WHITAKER PARKWAY
PROMENADE BOULEVARD
S PINNACLE HILLS PARKWAY
24,000VehiclesPer Day
80,000VehiclesPer Day
15,000VehiclesPer Day
Aerial5214 W. Village Parkway | Rogers, Arkansas
N
New Overpass - Construction Underway
SUBJECTPROPERTY
Aerial5214 W. Village Parkway | Rogers, Arkansas
Marshall Saviers President, Principal
• BBA from Southern Methodist University.• 15 Years combined experience in commercial real estate in the Arkansas and
Dallas markets with a focus on tenant representation and investment sales.• Facilitated hundreds of transactions across the country with numerous Fortune
500 companies.• Involved in investment sales of over $100 million in the past twelve months.• Oversees brokerage operations for Sage Partners.• Client Experience: Unilever, Clorox, Nike, Procter & Gamble, Mercy Health
System Kellogg’s, Kimberly Clark, Abbott Labs, Bayer Healthcare, Shell, Dr. Pepper, Vestcom, Exxon, Fedex, Tyson Foods, Revlon, PricewaterhouseCoopers and many others.
Matt ImhoffAssociate
• BS in Electrical Engineering from the University of Arkansas• MS in Technological Entrepreneurship from Northeastern University in Boston, MA• Involved in investment sales of over $100 million in past twelve months • Focus on investment sales, office, industrial and retail• Candidate for Certified Commercial Investment Member (CCIM)
SAGE PARTNERS DISCLOSURE
Sage Partners has been engaged by the owner of the Property to market it for sale. Information concerning the Property has been obtained from sources other than Sage Partners and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any references to age, square footage, income, expenses and any other Property specific information are approximate. Any opinions, assumptions, estimates, or financial information contained herein are projections only and are provided for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. Buyers should conduct their own independent investigation and inspection of the Property in evaluating a possible purchase. The information contained herein is subject to change.
Brian Shaw Chief Executive Officer
• BSIM from the University of Arkansas, MBA from the University of Denver• 20 Years experience in commercial real estate with a focus on development
and investment opportunities• Principal Broker of Sage Partners, Rogers and oversees the brokerage opera-
tions• Directly involved in the project management and completion of over $100
million of real estate• Client Experience: Exxon Mobil, AC Nielsen, Charles Schwab, Georgia Pacific,
Bausch & Lomb, Lowe’s Home Improvement, Target, Walmart, Buffalo Wild Wings, Applebee’s and Office Depot
Contact Information
Brian ShawChief Executive Officer479 845 [email protected]
Marshall SaviersPresident, Principal479 845 [email protected]
Independently Owned and Operated / A Member of the Cushman & Wakefield AllianceCushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Matt ImhoffAssociate479 845 [email protected]
5100 W. JB Hunt Drive Suite 800Rogers, AR
479 845 3000sagepartners.com