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2400 Crestwood Rd 22,048 SF 67% Leased Office Building North Little Rock, AR 72116 $2,095,000 ($95.02/SF)
Investment Highlights
- Opportunity to acquire a Class A office building in one of North Little Rock’s most established office submarkets
- Existing in-place income with approximately 37% vacancy, providing investors the opportunity to increase cash flow through lease-up
- Surrounded by strong residential demographics, retail amenities, and established medical and professional office users
- Attractive basis of approximately $95 per square foot, significantly below today’s replacement cost
- Quality construction completed in 2002 with attractive professional image
- Flexible investment opportunity for an owner-user, investor, or partial owner-occupant seeking future expansion
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
22,048 SF
Building Class
B
Year Built
2002
Price
$2,095,000
Price Per SF
$95.02
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,024 SF
Slab To Slab
12’
Building FAR
0.31
Lot Size
1.62 AC
Zoning
C-2
Parking
50 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Chetty Wiggington
- Professional, Scientific, and Technical Services
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$9.99
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Lorem Ipsum
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Jan 0000
- Foot & Ankle Associates of Central Arkansas
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Lorem Ipsum
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- Janus Research Group
- Professional, Scientific, and Technical Services
- -
- -
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Lorem Ipsum
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Jan 0000
- Julia McCoy, MD
- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
- Rocket, LLC dba The Salty Blonde Salon
- -
- -
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$9.99
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Lorem Ipsum
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Jan 0000
- Roots-Raices Bilingual Counseling
- -
- -
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$9.99
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Lorem Ipsum
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- The Brandon Camargo Agency, Farmers Insurance Grou
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$9.99
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- Trinity Massage
- Services
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Chetty Wiggington | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Foot & Ankle Associates of Central Arkansas | - | - | - | Lorem Ipsum | Jan 0000 | |
| Janus Research Group | Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 | |
| Julia McCoy, MD | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Rocket, LLC dba The Salty Blonde Salon | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Roots-Raices Bilingual Counseling | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Brandon Camargo Agency, Farmers Insurance Grou | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Trinity Massage | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 100
- 1,496 SF
- Office
- Partial Build-Out
- Now
- 1st Fl-Ste 107
- 4,334 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 202-204
- 1,537 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 1,496 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 107 | 4,334 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 202-204 | 1,537 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 100
| Size |
| 1,496 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 107
| Size |
| 4,334 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 202-204
| Size |
| 1,537 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 33N-019-04-101-07 | Improvements Assessment | $276,249 |
| Land Assessment | $127,271 | Total Assessment | $403,520 |
Property Taxes
Parcel Number
33N-019-04-101-07
Land Assessment
$127,271
Improvements Assessment
$276,249
Total Assessment
$403,520
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2400 Crestwood Rd
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