2400 Ritter Dr - Office FOR SALE


Jonesboro, AR 72401
$10,500,000 USD
870-336-8000
2400 Ritter Dr, Jonesboro, AR for Sale
$10,500,000 USD
Office - FOR SALE
1/13
null | 5.85% Cap Rate

2400 Ritter Dr
Jonesboro, AR 72401


HIGHLIGHTS

  • Environmentally Friendly Headquarters Facility
  • LEED (Leadership in Energy and Environmental Design) Certified by the U.S. Green Building Council
  • Houses More Than 100 of Ritter’s Employees, Encompassing Corporate Offices, Residential and Business Divisions, and a Complete Local Customer Center
  • Filled With Energy-Saving Elements
  • Over 4-acre Plot of Land Makes Up the Building Site, Located Just off Windover and Browns Lane
  • 14+ Years Remaining on Lease

OVERVIEW

This 33,020 square foot Leed Certified office building is the only one of its kind in Jonesboro and Northeast Arkansas. It features several energy-saving elements such as a green wall with deciduous plants that provide natural shade, an atrium design that provides more utilization of daylight resources, and a ground-source heat pump system and structural insulated panels (SIPs) that maximize energy efficiency and insulation. The building serves as the corporate headquarters of Ritter Communications, a century old company that has survived the depression, World War II, and the economic downturn of 2008. The facility houses the organization’s 100+ employees, several corporate offices, it’s residential and business divisions and a complete local customer care center & network operations center. Ritter Communications Headquarters opened for operation in 2020. In our present time, with so many people working from home, data access is more important than ever. In light of that, the service Ritter provides is now viewed as a basic commodity. Priced below replacement cost with a long term lease in place with an essential tenant, 2400 Ritter Drive is poised to create steady income as a safe investment for years to come.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy Asset - Ritter Headquarters

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.6 AC

LAND SF

200,376 SF

ZONING

C-3

APN/PARCEL ID

01-144292-00300

ASK ABOUT THIS PROPERTY

Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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Nathan EllerHaag Brown CommercialMore Info
870-336-8000

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