2400 Crestwood Rd - Office FOR SALE


North Little Rock, AR 72116
$2,095,000 USD
501-519-7174
2400 Crestwood Rd, North Little Rock, AR for Sale
$2,095,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

2400 Crestwood Rd
North Little Rock, AR 72116


HIGHLIGHTS

  • Opportunity to acquire a Class A office building in one of North Little Rock’s most established office submarkets
  • Attractive basis of approximately $95 per square foot, significantly below today’s replacement cost
  • Existing in-place income with approximately 37% vacancy, providing investors the opportunity to increase cash flow through lease-up
  • Quality construction completed in 2002 with attractive professional image
  • Surrounded by strong residential demographics, retail amenities, and established medical and professional office users
  • Flexible investment opportunity for an owner-user, investor, or partial owner-occupant seeking future expansion

OVERVIEW

2400 Crestwood presents an opportunity to acquire a well-maintained Class A office building in the heart of North Little Rock’s established Lakewood business district. The 22,048-square-foot building offers a combination of stable in-place tenancy and significant upside through the lease-up of currently vacant space. The property’s efficient floor plan, professional finishes, abundant parking, and highly accessible location make it attractive to a variety of office users including medical, financial, engineering, legal, government, and professional service firms. Offered at approximately $95 per square foot, the property can be acquired at a substantial discount to replacement cost, creating an attractive long-term investment opportunity.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C-2

APN/PARCEL ID

33N-019-04-101-07

ASK ABOUT THIS PROPERTY

Justin BentleyColliers | ArkansasMore Info
501-519-7174

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Justin BentleyColliers | ArkansasMore Info
501-519-7174

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