Office

Riverfront Plaza (1 Allied Dr - Buildings 1,2,3,5)

1 Allied Dr Little Rock, AR United States 72202-2065
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 1982
Building Area

Property Description

Property Video: https://www.1allieddrive.com/

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JLL is pleased to present the opportunity to acquire Riverfront Plaza (“the Property”) in Little Rock, AR. This four-building office campus is located just northwest of Downtown Little Rock, minutes from the premier Riverdale/Sherrill Heights neighborhood, and once headquartered operations for Alltel Wireless for over 25 years. Only recently repositioned as multitenant buildings, the Property is already 99% leased to a diversified rent roll with credit worthy tenancy.


The 1.2 million square feet of competitive buildings in the immediate area enjoy less than 3% weighted average vacancy demonstrating the demand and strength of this business-friendly location nestled amongst an affluent, densely populated neighborhood with excellent retail, healthcare and country clubs.​

Investment Highlights

  • Four-building office campus with ability to construct an additional building; Iconic former Alltel Wireless headquarters
  • 99% occupied by a diversified, tenant roster  that was re-leased in less than 60 months with credit worthy tenancy. +10 tenants have already extended the original term and invested significant improvements demonstrating stickiness
  • Unobstructed views along the striking Arkansas River with superior location within a minutes’ drive to Downtown Little Rock to the east and the Riverdale/Sherrill Heights neighborhood to the west
  • In-place rents 17% below market with over 100,000 square feet expiring over the next 36 months
  • Excellent on-site amenities including an auditorium, conference center and fitness center including proximate to 17-mile Arkansas River Trail
  • 8 minutes from Arkansas State Capitol and 10 minutes from Clinton National Airport with direct access to SH-10 and proximate to I-630; Immediate access to a variety of residential neighborhoods
Last Updated Date: 21 Sep 2020
Jack Crews
Jack Crews
Senior Managing Director, Capital Markets
Brian Carlton
Brian Carlton
Senior Managing Director, Capital Markets

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Last Updated Date: 21 Sep 2020

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