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  • Property Type
    MultifamilyProperty Type
  • Total Units
    114Total Units
  • NOI
    $1,597,825NOI
  • Year Built
    2024Year Built
  • Parking Ratio
    15.2Parking Ratio
  • APN
    760-01353-000APN

Description

Farmington Hills is a newly constructed, Class A multifamily property located at 275 North Hunter Street in Farmington, Arkansas. The asset consists of 114 units across 132,240 square feet on a 16.25-acre site, with an average unit size of 1,160 square feet. Built in 2024, the property features modern finishes and offers a strong value proposition in the growing Northwest Arkansas market.

Currently at 0% occupancy, the project is positioned for immediate leasing activity, with in-place rents averaging $1,650 per unit, approximately 5.7% below market rents of $1,750, presenting an...

Documents

Offering Summary

  • Asking Price
    UnPriced
  • Property Type
    Multifamily
  • Size
    132,240 SF
  • Available
    132,240 SF
  • Built
    2024
  • Total Acres
    ~16.25 ac

Sale Details

  • NOI
    $1,597,825
  • Stabilized NOI
    $1,841,390
  • In-Place Rents
    1,650
  • Market Rents
    1,750
  • Rents Below Market
    5.70%

Documents

Property Address

275 North Hunter Street
Farmington, AR 72730

Property Details

  • Property Type
    Multifamily
  • Total Units
    114
  • Available Units
    114
  • Unit Mix
    3BR
  • Average Unit Size
    1,160 SF
  • Average Rent
    1,650 $/mo
  • Year Built
    2024
  • Parking Ratio
    15.2
  • Acres
    16.25
  • APN
    760-01353-000
  • Ownership Interest
    Fee Simple

Property Details

Deal Team

Zac Thomas profile image
Zac Thomas
Senior Vice President Senior Vice President
AR RE Lic. #AR
Sam Hewitt profile image
Sam Hewitt
Associate Vice President Associate Vice President
AR RE Lic. #AR

Description

Farmington Hills is a newly constructed, Class A multifamily property located at 275 North Hunter Street in Farmington, Arkansas. The asset consists of 114 units across 132,240 square feet on a 16.25-acre site, with an average unit size of 1,160 square feet. Built in 2024, the property features modern finishes and offers a strong value proposition in the growing Northwest Arkansas market.

Currently at 0% occupancy, the project is positioned for immediate leasing activity, with in-place rents averaging $1,650 per unit, approximately 5.7% below market rents of $1,750, presenting an...

Documents

Offering Summary

  • Asking Price
    UnPriced
  • Property Type
    Multifamily
  • Size
    132,240 SF
  • Available
    132,240 SF
  • Built
    2024
  • Total Acres
    ~16.25 ac

Sale Details

  • NOI
    $1,597,825
  • Stabilized NOI
    $1,841,390
  • In-Place Rents
    1,650
  • Market Rents
    1,750
  • Rents Below Market
    5.70%

Documents

Property Address

275 North Hunter Street
Farmington, AR 72730

Property Details

  • Property Type
    Multifamily
  • Total Units
    114
  • Available Units
    114
  • Unit Mix
    3BR
  • Average Unit Size
    1,160 SF
  • Average Rent
    1,650 $/mo
  • Year Built
    2024
  • Parking Ratio
    15.2
  • Acres
    16.25
  • APN
    760-01353-000
  • Ownership Interest
    Fee Simple

Property Details

Deal Team

Zac Thomas profile image
Zac Thomas
Senior Vice President Senior Vice President
AR RE Lic. #AR
Sam Hewitt profile image
Sam Hewitt
Associate Vice President Associate Vice President
AR RE Lic. #AR
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