Q2 2012 Little Rock, Arkansas Office Property Sales Analysis

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Q2 2012 Little Rock, Arkansas Office Property Sales Analysis


There has been only one local office investment sale that meets Reis Transaction Analytics criteria* in the nine quarters though the second quarter of 2012. As reported previously, in December 2011, a 195,200-square-foot property on Allied Drive in Little Rock was sold by Alltel Communications to Allied Drive Holdings LLC for $10.35 million ($53 psf). The cap rate for the deal was 13.0%. As noted in the Special Real Estate Factors there was a deal in late September, but it is too small to qualify for this database.