Investment Highlights

Light Value-Add Opportunity: New ownership will have the opportunity to add value to the property by updating the interiors, such as new flooring, countertops, appliances or painted cabinets.

Well Maintained Asset: Current ownership has spent over $430,000 maintaining the asset, including painting all buildings, replacing damaged wood, new roofs on 8 buildings, new heating & A/C units in 68 units, and replacing appliances as needed.

Upgrade Amenities Package: Terrace Villa provides the potential to enhance the existing amenities package:

  • Converting the 2 blacktop courts into more in-demand amenities, such as a dog park, grilling/pergola area, or lounge area with fire pit
  • Update pool furniture and clubhouse
  • Ample green space for additional amenities

Convenient Location to Demand Drivers: The property allows tenants quick access to many of El Dorado’s best demand drivers, including:

  • Mellor Park Mall: 280,000 SF; Hobby Lobby, Citi Trends, TJ Maxx, Shoe Show, It’s Fashion
  • Additional Retail: Walmart, Home Depot, Walgreens, Brookshire’s
  • Medical Center of South Arkansas: 131 beds; 700 jobs
  • South Arkansas Community College: 1,443 students

 
Access to Major Employers: El Dorado is home to several major local employers, including:

  • Medical Center of South Arkansas - 700 jobs
  • El Dorado Public Schools - 617 jobs
  • Murphy USA - 600 jobs
  • Delek US - 600 jobs
  • LanXess - 500 jobs

$100+ Million Downtown Revitalization: Murphy Arts District includes an 8,000-capacity outdoor amphitheater, the Griffin Restaurant (El Dorado’s first fine-dining farm-to-table establishment), the Griffin Music Hall and Cabaret, a 2,000-seat music hall with a four-story stage house, and a 10,000-square-foot gallery for national and international exhibits

Nearby Opportunity Zone Provides Attractive Development Opportunity: Terrace Villa is located less than 3 miles from El Dorado’s two Opportunity Zones, providing a future roadmap for developers.

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