Trophy Asset - Ritter Headquarters | 2400 Ritter Dr
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Trophy Asset - Ritter Headquarters 2400 Ritter Dr
33,020 SF Office Building Jonesboro, AR 72401 £8,215,725 (£249/SF) 5.85% Net Initial Yield
Investment Highlights
- Environmentally Friendly Headquarters Facility
- Houses More Than 100 of Ritter’s Employees, Encompassing Corporate Offices, Residential and Business Divisions, and a Complete Local Customer Center
- Over 4-acre Plot of Land Makes Up the Building Site, Located Just off Windover and Browns Lane
- LEED (Leadership in Energy and Environmental Design) Certified by the U.S. Green Building Council
- Filled With Energy-Saving Elements
- 14+ Years Remaining on Lease
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
33,020 SF
Building Class
B
Year Built
2012
Price
£8,215,725
Price Per SF
£249
Net Initial Yield
5.85%
NOI
£480,784
Tenancy
Single
Number of Floors
2
Typical Floor Size
16,510 SF
Building FAR
0.16
Lot Size
4.60 AC
Zoning
C-3 - General Commercial
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PROPERTY TAXES
Parcel Number | 01-144292-00300 | Improvements Assessment | £1,013,773 |
Land Assessment | £134,694 | Total Assessment | £1,148,467 |
PROPERTY TAXES
Parcel Number
01-144292-00300
Land Assessment
£134,694
Improvements Assessment
£1,013,773
Total Assessment
£1,148,467
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Trophy Asset - Ritter Headquarters | 2400 Ritter Dr
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