1485 Country Club Road | Camden, AR 71701...1485 Country Club Road | Camden, AR 71701 Largest...
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1485 Country Club Road | Camden, AR 71701 Largest Apartment Complex in Camden, AR Fox Creek is the largest apartment complex in Camden, AR with 120 units consisting of 44 one-bedroom and 76 two- bedroom floor plans averaging a generous 907 square feet in size. Occupancy is currently at 62% and trending upward after seller cleaned house of problem management staff and tenants. A majority of the roofs were replaced in 2020, where needed, and half of the units have had a light rehab completed which include faux wood flooring in wet areas and on first floor units, updated brushed nickel fixtures, appliances and fans. Owners can add value by completing remaining classic units with an organized rehab program of two-toned paint, refreshed kitchen of new cabinet faces (or painted cabinets), resurfaced counters, color coordinated appliances, new ceiling fans, quality light and plumbing fixtures. Community also has open spaces which can accommodate lacking amenities (barbeque/gathering area or playground). The market supports rent over $100/month more than where they are currently. Camden Major Employers Camden is home to many defense companies specializing in the manufacturing of both small and large-scale munitions which include General Dynamics, Lockheed Martin, Aerojet and Raytheon to name a few. The defense sector in the Camden MSA is a $1.8 billion industry employing 10,000 jobs. Aerojet, Lockheed Martin and Raytheon are in a hiring growth mode with an anticipated 1,500 jobs being created from a recent defense contract modification of over $330 million benefiting defense companies concentrated in Ouachita and Calhoun counties alone. The rest of the state (73 counties) have only a combined total of $300.1 million in contracts. In addition to defense manufacturing, Camden has strong chemical, manufacturing and timber industries. 56% of the state of Arkansas (18.8 million acres) remains a forest. Desirable Location for Tenants Fox Creek is conveniently located off of US-278 (Branyan-Hunnicutt Bypass) with easy access to US-79 feeding into Camden’s regional airport, Harrel Field. The immediate area consists of major grocers, Wal-mart Supercenter and Brookshires, shopping centers, fast food and dine-in restaurants. The city’s major employers are all within 12 miles of the property. Fox Creek is on the school and public transit bus route and nestled alongside timberlands making it desirable for residents looking to settle into a quiet part of town. Free and Clear of Debt This property is being offered to the market free and clear of debt, allowing the purchaser to maximize returns with new debt. Contact Greysteel Structured Finance Team to discuss competitive financing options. OFFERING SUMMARY
Transcript of 1485 Country Club Road | Camden, AR 71701...1485 Country Club Road | Camden, AR 71701 Largest...
1485 Country Club Road | Camden, AR 71701
Largest Apartment Complex in Camden, ARFox Creek is the largest apartment complex in Camden, AR with 120 units consisting of 44 one-bedroom and 76 two-bedroom floor plans averaging a generous 907 square feet in size. Occupancy is currently at 62% and trending upward after seller cleaned house of problem management staff and tenants. A majority of the roofs were replaced in 2020, where needed, and half of the units have had a light rehab completed which include faux wood flooring in wet areas and on first floor units, updated brushed nickel fixtures, appliances and fans. Owners can add value by completing remaining classic units with an organized rehab program of two-toned paint, refreshed kitchen of new cabinet faces (or painted cabinets), resurfaced counters, color coordinated appliances, new ceiling fans, quality light and plumbing fixtures. Community also has open spaces which can accommodate lacking amenities (barbeque/gathering area or playground). The market supports rent over $100/month more than where they are currently.
Camden Major Employers Camden is home to many defense companies specializing in the manufacturing of both small and large-scale munitions which include General Dynamics, Lockheed Martin, Aerojet and Raytheon to name a few. The defense sector in the Camden MSA is a $1.8 billion industry employing 10,000 jobs. Aerojet, Lockheed Martin and Raytheon are in a hiring growth mode with an anticipated 1,500 jobs being created from a recent defense contract modification of over $330 million benefiting defense companies concentrated in Ouachita and Calhoun counties alone. The rest of the state (73 counties) have only a combined total of $300.1 million in contracts. In addition to defense manufacturing, Camden has strong chemical, manufacturing and timber industries. 56% of the state of Arkansas (18.8 million acres) remains a forest.
Desirable Location for TenantsFox Creek is conveniently located off of US-278 (Branyan-Hunnicutt Bypass) with easy access to US-79 feeding into Camden’s regional airport, Harrel Field. The immediate area consists of major grocers, Wal-mart Supercenter and Brookshires, shopping centers, fast food and dine-in restaurants. The city’s major employers are all within 12 miles of the property. Fox Creek is on the school and public transit bus route and nestled alongside timberlands making it desirable for residents looking to settle into a quiet part of town.
Free and Clear of DebtThis property is being offered to the market free and clear of debt, allowing the purchaser to maximize returns with new debt. Contact Greysteel Structured Finance Team to discuss competitive financing options.
OFFERING SUMMARY
SALES FINANCE BROKER OF RECORDCHRIS “CASTLE” CASTILLOInvestment [email protected] 704332
DOUG BANERJEESenior Managing [email protected] 617101
ANDREW [email protected] 672103
JACK [email protected] 572151
DANIEL HARTNETTSenior Director 469.453.0194 [email protected]
BEN ISRAEL479.365.2585ben.israel@southerntraditionrealestate.comState #: PB00075420
For more information or to inquire about Greysteel, please contact Ari Firoozabadi, CEO | [email protected] | 202.417.3873Offices Nationwide | License Information and Online DisclosuresTexas Real Estate Commission Information About Brokerage Services | Texas Real Estate Commission Consumer Protection Notice
Greysteel, seller, and their respective representatives make no representations or warranties, express or implied,regarding the accuracy or completeness of the information in this Offering. All references to acreage, square footage, distance, and other measurements are approximations and must be independently verified. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This Offering is subject to prior placement, withdrawal, cancellation or modification without notice.
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Greysteel | 10000 N. Central Expressway | Suite 750 | Dallas, TX 75231469.518.5040 | www.greysteel.comTexas License 9003023Designated Broker | Doug Banerjee | 617101
Year Built 1986
Units 120
Buildings 17
Stories Two-Story
Average Unit Size 907 SF
Zoning MF - Commercial
Assessors Parcel Number 894-00024-001C
Density/Units Per Acre 12.38
Property Overview
9.69LOT SIZE (ACRES)
108,856NET RENTABLE SF
Apartment Features
Carpet
Tile Floors
Vinyl Flooring
Dishwasher
Pantry
Oven
Range
Refrigerator
High-Speed Internet Access
Washer/Dryer Hookup
Air Conditioning
Heating
Smoke-Free
Cable Ready
Tub/Shower
Patio
Deck
Fox Creek Camden1485 Country Club Road • Camden, AR 71701
Property sold in conjunction with
