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LITTLE ROCK PORTFOLIOLittle Rock, AR | 84 Unit Class C | September 2019
Raymond Lord | TulsaSr. Managing Director
P. 918 201 2005
M. 918 850 1779
SVN OAK Realty Advisors
4812 East 81st Street, Suite 301
Shreveport, OK 74137
Presented by:
Louisiana Arkansas Kansas
Casey Litsey | TulsaAssociate Broker
P. 918 201 2005
M. 918 857 5961
Benjamin Davis | TulsaManaging Director
P. 918 201 2005
M. 918 740 6288
Little Rock Portfolio
DISCLAIMER/CONFIDENTIALITY STATEMENT
The material contained in the offering memorandum is confidential, furnished solely for the purpose of considering
the acquisition of the property described herein, and is not to be used for any other purpose or made available to any
other person without the express written consent of SVN Oak Realty Advisors. The information contained herein has
been obtained from sources that we deem to be reliable, and we have no reason to doubt its accuracy. However, neither
the seller, broker or any related entity make any warranty or representation, expressed or implied, as the accuracy or
completeness of the information contained herein, included but not limited to, financial information and projections,
and any engineering and environmental information. Prospective purchasers should make their own investigations,
projections and conclusions. It is expected that prospective purchasers will conduct their own independent due
diligence concerning the property, including such engineering inspections as they deem necessary to determine the
condition of the property and the existence or absence of any potential hazardous materials used in the construction or
maintenance of the buildings or located at the land site, included but not limited to, lead-based products (for compliance
with “target housing” regulation for multifamily housing constructed prior to 1978), asbestos, etc. Broker represents seller
in this transaction and makes no representations, expressed or implied, as to the foregoing matters.
SVN OAK REALTYADVISORS4812 E. 81stStreet Suite 301
Tulsa, OK 74137
OAK REALTY ADVISORS
Raymond Lord | Senior Managing [email protected]
Benjamin Davis | Managing [email protected]
Casey Litsey | Associate Broker918.857.5961
OFFERING PROCEDUREOffers should be submitted in the form of a non-biding Letter of Intent dictating specific terms, including (1) purchase price (2) amount of earnest money (3) length of due diligence and (4) financing timeframe.
Additionally, all offers must be accompanied with the purchasers’ qualifications to close the transaction.
PROPERTY DESCRIPTION
The Opportunity
Investment Summary & Highlights
Property Details
Amenities
INVESTMENT SUMMARY
Investment Rationale
Unit Mix
Floorplans
MAPS
Area Map
Vicinity Map
COMPARABLES
Rent Comparable Survey
Rent Comparable Ranking
Sales Comparable
DEMOGRAPHIC & MARKET SUMMARY
Business Summary
Demographics & Market Highlights
APPENDIX
Current Profit and Loss Statement
Current Rent Roll
10 Year After Tax Analysis
Little Rock Portfolio
TABLE OF CONTENTS
P R O P E R T Y D E T A I L S
PROPERTY DETAILS
P R O P E R T Y D E T A I L S
PROPERTY SUMMARY
SVN OAK Realty Advisors is pleased to announce the exclusive listing of the Cantrell
Valley & Brookside Apartments in Little Rock, Arkansas. This Class C 84-unit
apartment community is centrally well located in Little Rock, Arkansas and features one
& two bed units. The community is well maintained and has had significant upgrades
to the interiors and exteriors. In review of the low rental rates in place and upside
potential through strong management, Cantrell Valley & Brookside offers investors the
potential to improve rents through unit upgrades and enhancements. Onsite there is a
laundry facility, a playground as well as ample low-density community.
Cantrell Valley & Brookside is a terrific value add opportunity for a Buyer looking for
tremendous upside investment opportunity in a good submarket of Little Rock, AR and
capitalize on the increasing rents, strong market fundamentals and great upside
potential.
PRICE$3,200,000
$38,095/unit
TERMSALL CASH
# OF UNITS84
1+1 , 2+1
NET RENTABLE SF76,963
YEAR BUILT1961-1973Renovated
2015
OCCUPANCY85%
Market Occ.95%
Little Rock Portfolio
P R O P E R T Y D E T A I L S
Year Built 1961
Number of Units 33
Property Type Multifamily Garden
Net Rentable Square Feet 30,171
Buildings 1 Buildings
Stories 2
Site Size (Acres) 0.85
Density (Units Per Acre) 0.257
Occupancy / Market 85% / 95%
Electric Tenant
Water and Sewer Tenant
Natural Gas None
Trash Removal Tenant
PROPERTY DETAILS
UTILITIES
Cantrell Valley Apartments7201 KENTUCKY AVE
LITTLE ROCK, AR 72207
PROPERTY SUMMARY
FINANCIAL SUMMARY
Price $1,200,000
Per Unit $36,363
Price Per SF $39.77
Proposed Loan $900,000.00
Interest Rate 5.00%
Term 30 Years
Equity $300,000.00
Proforma CAP Rate 8.95%
P R O P E R T Y D E T A I L S
Year Built 1973
Number of Units 51
Property Type Multifamily Garden
Net Rentable Square Feet 46,792
Buildings 3 Buildings
Stories 2
Site Size (Acres) 0.87
Density (Units Per Acre) 0.17
Occupancy / Market 67% / 94%
Electric Tenant
Water and Sewer Tenant
Natural Gas None
Trash Removal Tenant
PROPERTY DETAILS
UTILITIES
Brookside Apartments619-719 BROOKSIDE DR
LITTLE ROCK, AR 72205
PROPERTY SUMMARY
FINANCIAL SUMMARY
Price $2,000,000
Per Unit $39,215
Price Per SF $42.74
Proposed Loan $1,500,000
Interest Rate 5.00%
Term 30 Years
Equity $500,000.00
Proforma CAP Rate 8.95 %
P R O P E R T Y D E T A I L S
UNIT FEATURES
Walk in Closets
Full Service Kitchens
Central Heat/Air
Ceiling Fans
Upside Potential
COMMUNITYAMENITIES
Laundry Center
24/7 Onsite Maintenance
UNIT FEATURES & COMMUNITY AMENITIES
P R O P E R T Y D E T A I L S
INVESTMENT SUMMARY
P R O P E R T Y D E T A I L S
FINANCIAL SUMMARY
P R O P E R T Y D E T A I L S
FINANCIAL SUMMARY
P R O P E R T Y D E T A I L S
FINANCIAL SUMMARY
P R O P E R T Y D E T A I L S
FINANCIAL SUMMARY
P R O P E R T Y D E T A I L S
FINANCIAL SUMMARY
P R O P E R T Y D E T A I L S
FINANCIAL ANALYSIS
P R O P E R T Y D E T A I L S
FINANCIAL ANALYSIS
P R O P E R T Y D E T A I L S
FINANCIAL ANALYSIS
P R O P E R T Y D E T A I L S
P R O P E R T Y D E T A I L S
AREA MAPS
21
Location Overview
L O C A T I O N O V E R V I E W
P R O P E R T Y D E T A I L S
AREA OVERVIEW MAP
P R O P E R T Y D E T A I L S
AREA OVERVIEW MAP
LOCATION HIGHLIGHTSDEMOGRAPHICS AND MARKET HIGHLIGHTS
L O C A T I O N O V E R V I E W
COMPARABLES
C O M P A R A B L E S
COMPARABLE RENTAL SUBJECT PROPERTY
C O M P A R A B L E S
COMPARABLE RENTAL SUMARY
C O M P A R A B L E S
COMPARABLE RENTAL PROPERTIES
C O M P A R A B L E S
C O M P A R A B L E S
COMPARABLE RENTAL RATE TRENDS
Sales Comparable
C O M P A R A B L E S
C O M P A R A B L E S
SALES COMPARABLES
1
C O M P A R A B L E S
SALES COMPARABLES PROPERTIES MAP
33
Marketing Overview
M A R K E T I N G P L A N
MARKETING OVERVIEW
M A R K E T I N G P L A N
MULTICHANNEL MARKETING
• Professionally Developed Offering Memorandum & Mailers
• Property Aerial Video
• SVN | Live™ Open Sales Call
• BuildOut syndication channels
• Advisor property email blasts
• Hard Copies Delivered to Every Owner in Tri-State Area
MARKETING OVERVIEW
M A R K E T I N G P L A N
OFFERING
MEMORANDUMS FLYERS &
POSTCARDS
MARKETING OVERVIEW
M A R K E T I N G P L A N
DATABASE-DRIVEN
EBLASTS
ROBUST WEBSITE
PROPERTY OVERVIEW
THE SVN® DIFFERENCE
The SVN® brand was founded in 1987 out of a desire to improve the commercial real estate industry for all stakeholders through cooperation and organized competition. SVN is now a globally recognized commercial real estate brand united by a shared vision of creating value with clients, colleagues and our communities. When you choose SVN you mobilize the entire SVN organization of experts and all our trusted relationships to act on your behalf. This Shared NetworkSM is the SVN Difference.
MARKETING OVERVIEW
M A R K E T I N G P L A N
SVN® ONLINE MARKETING PLATFORM
With one click, properties are blasted to an extensive listof internet marketing partners, including:
38
ADVISORS
B I O S
MARKETING TEAM
SVN® ADVISOR BIOS
RAYMOND LORD | Tulsa
Raymond is a Principal and Senior Managing Directorat SVN OAK Realty Advisors. He has over 30 years ofexperience in commercial real estate and isrecognized as an industry leader in multifamilytransactions. Since 1987 Raymond has had theopportunity to personally work with some of thelargest REITS, trusts, and private equity groups in thecountry and been involved in the sale of multi-familyproperties in excess of $25 billion dollars.
BENJAMIN DAVIS | Tulsa
Benjamin is a Principal and Managing Director at SVNOAK Realty Advisors. Since he began his career in2006, he has been involved in the sale of over $1.50billion in commercial real estate transactions and hasproven himself to consistently be one of the topmultifamily brokers in the region. Over the last 12years, Ben has worked with many of the largestapartment owners in the region including DEIAssociates, Twin Rock Partners, Fowler Properties,and Case & Associates.
CASEY LITSEY | TulsaCasey Litsey is a Commercial Real Estate Advisor for SVN Realty in Tulsa, OK., which focuses on the customer experience. A lifetime resident of Tulsa, Casey not only knows the community, but he's also glad to share his knowledge. As a graduate of Victory Christian School, Casey jumped right into his career in real estate at 18 years old, working. Since then mentorship from Oklahoma's top brokers.Casey focuses his core values of community, family, and achievement into every detail of your real estate transaction.