2400 E Highland Dr - Office FOR SALE


Jonesboro, AR 72401
$6,235,000 USD
501-372-6161
2400 E Highland Dr, Jonesboro, AR for Sale
$6,235,000 USD
Office - FOR SALE
1/11
null | 8.5% Cap Rate

2400 E Highland Dr
Jonesboro, AR 72401


HIGHLIGHTS

  • Full offering memorandum available here: https://app.smartsheet.com/b/form/fb9bcb38b21341e3a90e1a6da2b6e894
  • New 25-ton unit installed on roof in 2021
  • Water proofing by Roberts McNutt to glass ceiling and necessary windows
  • 5th floor common area restrooms updated in 2023
  • Parking lot striped in 2023

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,235,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MBC Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

170

LAND DETAILS

LAND ACRES

3.35 AC

LAND SF

145,926 SF

ZONING

Commercial

APN/PARCEL ID

01-144213-14300

ASK ABOUT THIS PROPERTY

Andrew WiechernColliers | ArkansasMore Info
501-372-6161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Andrew WiechernColliers | ArkansasMore Info
501-372-6161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.