Jonesboro Office Building For Sale

2400 E Highland Dr, Jonesboro, AR 72401

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For Sale

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Fully occupied office building with ample parking in central location.

Type:Office

Property size:

55,639 SF

Lot size:

3.35 Acres

Price / SF:

$112/SF

HighLights

100% Occupied: Provides immediate income and investment security
Strategic Location: Situated on a major arterial with quick access to I‑555
Ample Parking: Convenient for tenants and visitors
Sizeable Building: 55,639 square feet on 3.35 acres
High‑Traffic Area: Located near Red Wolf Boulevard, Jonesboro's main retail/restaurant area
Proximity to National Retailers and Restaurants: Surrounded by Walmart, Lowe’s, Texas Roadhouse, Freddy’s, and Kroger

We can help!

Contact an agent

Andrew Wiechern

For Sale

Contact for pricing

Fully occupied office building with ample parking in central location.

Type:Office

Property size:

55,639 SF

Lot size:

3.35 Acres

Price / SF:

$112/SF

Added:: Nov 30, 2023
Days on Market:: 949
Last Refresh:: May 12 at 8:24 pm

Property Features for 2400 E Highland Dr

General Information

Standard status: Active
Size: 55,639 SF
Lot size: 3.35 Acres
Property subtype: Office

We can help!

Contact an agent

Andrew Wiechern

Listing office Colliers - Little Rock, Arkansas

Listing date Nov 30, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Little Rock, Arkansas

HighLights

100% Occupied: Provides immediate income and investment security
Strategic Location: Situated on a major arterial with quick access to I‑555
Ample Parking: Convenient for tenants and visitors
Sizeable Building: 55,639 square feet on 3.35 acres
High‑Traffic Area: Located near Red Wolf Boulevard, Jonesboro's main retail/restaurant area
Proximity to National Retailers and Restaurants: Surrounded by Walmart, Lowe’s, Texas Roadhouse, Freddy’s, and Kroger

Overview

The property at 2400 East Highland Drive in Jonesboro, AR, is an office building with 55,639 square feet of space situated on 3.35 acres. The building is 100% occupied and features ample parking. It is positioned on a major arterial road, providing quick access to I-555. The location is central, surrounded by national retailers and restaurants such as Walmart, Lowe’s, Texas Roadhouse, Freddy’s Frozen Custard & Steakburgers, and Kroger. The office building is also located just seconds from Red Wolf Boulevard, Jonesboro’s main retail and restaurant area.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$787.8k	$14.16
− Vacancy	−$94.5k	−$1.70
EGI	$693.3k	$12.46
− OpEx	−$173.3k	−$3.12
NOI	$520.0k	$9.35

55,639 SF · lease $14.16/SF/yr · vacancy 12.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$7.43M

$6.50M – $8.67M (±1% cap)

NOI $519,980 @ 7.0% cap · market cap 8.34%

Second Best

—

no second resolved use

Theoretical Best

Office A

$9.74M

$8.52M – $11.36M (±1% cap)

NOI $681,865 @ 7.0% cap · market cap 10.94%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Federal Bureau-Investigation Private Investigator Arkansas State University ... College KJNB Northeast Arkansas ... Television Studio Lilly Law Firm, ... Law Firm nea professional schools Vocational School

Suggested Use

Location Insight

Map
Local Demand

City: Jonesboro
County: Craighead
State: Arkansas
Longitude: -90.676178
Latitude: 35.822153

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For sale
Office buildings
AR
Jonesboro
72401
2400 E Highland Dr

What type of property is this?

Office building - Fully occupied office building with ample parking in central location.

Where is this office building located?

The property is located at 2400 E Highland Dr Jonesboro, AR.

What is the asking price?

The asking price for this property is $6,235,000.

What are key features of this property?

This property features: 100% Occupied: Provides immediate income and investment security; Strategic Location: Situated on a major arterial with quick access to I‑555; Ample Parking: Convenient for tenants and visitors