BINSWANGER BROKERS SALE OF THE 242,000 SQ. FT. FORMER APEX TOOL MANUFACTURTING FACILITY IN SPRINGDALE, AR
On behalf of Apex Tool Group, LLC, Binswanger is pleased to announce the sale of their excellent, single-story 242,000 sq. ft. manufacturing facility on approximately 52.77 acres. The property is located at 1609 North Old Missouri Road in Springdale, Arkansas.
Trickling Creek Properties, LLC, purchased the property as an investment and is looking to find new tenants for the facility.
The building is constructed of 8″ to 10″ reinforced concrete floor; 7″ concrete block walls; built-up metal deck roof with membrane surface; structural steel H columns spaced 50′ x 50′ and ceiling heights ranging from 20′ to 32′. Key features of the facility include combination of T-8 fluorescent and high pressure sodium lighting; 100% wet sprinkler system; two air compressors with air lines; all utilities; fiber optics supplied by AT&T; approximately 24,000 sq. ft. of fully air-conditioned office space; four 8′ x 10′ and two 8′ x 8′ dock-high loading doors; paved and lighted parking for approximately 430 vehicles; and Arkansas and Missouri Railroad rail line bordering the property. The property is ideally located just minutes from Interstates 540, 49, US Highway 412, Business Highway 71, one-half mile north of the Springdale Municipal Airport and approximately 35 minutes from Northwest Arkansas Regional Airport.
The transaction for the seller was handled by Holmes Davis, Senior Vice President in Binswanger’s Dallas, Texas office. Marshall Saviers of Sage Partners represented the buyer.
Binswanger, a global leader in full-service commercial real estate, has been helping its clients realize their full real estate potential since 1931. Founded by real estate innovator and pioneer, Frank Binswanger Sr., the company operates with the understanding that real estate has the ability to strengthen businesses and transform communities. The company offers a variety of services benefitting both owners and occupiers including global real estate brokerage, location consulting, investment sales, tenant representation, corporate advisory, strategic consulting and a variety of management services. Having worked with more than half of the Fortune 500, the employee-owned company has long been known as the industry leader in the acquisition and disposition of industrial and commercial facilities around the globe. For more information, please visit www.binswanger.com.