Stoic Equity Partners Acquires Parkwood Center in Little Rock, AR

Author

Slice of Real Estate Team
September 16, 2024

Key Highlights:

  • 65,000 sq. ft. multi-tenant industrial park located in midtown Little Rock.

  • Third acquisition in Little Rock, increasing Stoic's market presence to over 150K sq. ft.

  • Prime location near I-630 and I-430, offering excellent connectivity.

  • Value-add opportunity with renovation plans and below-market rents.

  • Strong investment potential with high cash returns and large IRR on disposition.

Notable Quote:

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"The Parkwood Center is our third acquisition in the Little Rock market, and we are excited to add this versatile flex industrial asset to our growing portfolio."

Jeremy Friedman, Co-Founder and CEO at Stoic Equity Partners

Our Take:

Stoic Equity Partners' strategic acquisition of Parkwood Center highlights their commitment to expanding in key markets with high-growth potential. This move not only strengthens their foothold in Little Rock but also presents a significant value-add opportunity, particularly with rents being below market rates. By implementing renovation plans and capitalizing on the property's excellent location, Stoic is poised to offer investors strong returns. The acquisition also underscores their ability to acquire properties below replacement costs, ensuring demand and stability in their portfolio.