MBC Plaza | 2400 E Highland Dr
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MBC Plaza 2400 E Highland Dr
55,639 SF 100% Leased Office Building Jonesboro, AR 72401 £4,878,576 (£88/SF) 8.50% Net Initial Yield
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
£4,878,576
Price Per SF
£88
Net Initial Yield
8.50%
NOI
£414,679
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
11,128 SF
Building FAR
0.38
Lot Size
3.35 AC
Zoning
Commercial - Commercial
Parking
170 Spaces (3.06 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Signage
PROPERTY TAXES
| Parcel Number | 01-144213-14300 | Improvements Assessment | £702,759 |
| Land Assessment | £228,714 | Total Assessment | £931,473 |
PROPERTY TAXES
Parcel Number
01-144213-14300
Land Assessment
£228,714
Improvements Assessment
£702,759
Total Assessment
£931,473
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MBC Plaza | 2400 E Highland Dr
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