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2400 E Highland Dr 55,639 SF 88% Leased Office Building Jonesboro, AR 72401 $8,608,664 CAD ($154.72 CAD/SF) 8.50% Cap Rate
Investment Highlights
- Full offering memorandum available here: https://app.smartsheet.com/b/form/fb9bcb38b21341e3a90e1a6da2b6e894
- Water proofing by Roberts McNutt to glass ceiling and necessary windows
- Parking lot striped in 2023
- New 25-ton unit installed on roof in 2021
- 5th floor common area restrooms updated in 2023
Executive Summary
The 2400 Building is located at 2400 East Highland Drive in Jonesboro, AR. This office building is 100% occupied with ample parking. It’s
located on one of the major arterials in Jonesboro with quick access to I-555. The building is 55,639 square feet on 3.35 acres. It’s located in the middle of town, surrounded by many national retailers and restaurants like Walmart, Lowe’s, Texas Roadhouse, Freddy’s Frozen Custard & Steakburgers, and Kroger to name a few. The office building is also just seconds from Red Wolf Boulevard - Jonesboro’s main retail/ restaurant artery.
located on one of the major arterials in Jonesboro with quick access to I-555. The building is 55,639 square feet on 3.35 acres. It’s located in the middle of town, surrounded by many national retailers and restaurants like Walmart, Lowe’s, Texas Roadhouse, Freddy’s Frozen Custard & Steakburgers, and Kroger to name a few. The office building is also just seconds from Red Wolf Boulevard - Jonesboro’s main retail/ restaurant artery.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
55,639 SF
Building Class
B
Year Built/Renovated
1994/2019
Price
$8,608,664 CAD
Price Per SF
$154.72 CAD
Cap Rate
8.50%
NOI
$731,736 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
10,019 SF
Building FAR
0.38
Lot Size
3.35 AC
Zoning
C-3
Parking
170 Spaces (3.06 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Size: 2,300 SF Usable / 2,645 SF Rentable (Base rent is calculated on Rentable SF)
| Space | Size | Space Use | Condition | Available |
| 3rd Floor | 2,645 SF | Office | Full Build-Out | Now |
| 5th Floor | 2,792 SF | Office | Full Build-Out | Now |
3rd Floor
| Size |
| 2,645 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Floor
| Size |
| 2,792 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Floor
| Size | 2,645 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Size: 2,300 SF Usable / 2,645 SF Rentable (Base rent is calculated on Rentable SF)
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
5th Floor
| Size | 2,792 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1 1
Property Taxes
| Parcel Number | 01-144213-14300 | Improvements Assessment | $1,222,654 CAD |
| Land Assessment | $397,915 CAD | Total Assessment | $1,620,569 CAD |
Property Taxes
Parcel Number
01-144213-14300
Land Assessment
$397,915 CAD
Improvements Assessment
$1,222,654 CAD
Total Assessment
$1,620,569 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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2400 E Highland Dr
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