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1 Quail Creek Cir , 1, 2 & 3

North Liberty, IA 52217
  • $2,400,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 202104388
UPDATED: 24 min ago
$2,400,000
  • 0
    BEDS
  • 2.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 17,162
    SQFT
  • $140
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1991
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This property is priced at a Cook Appraisal price from 5/4/2020 at $2,400,000. The size, including the second-floor conference room, is 17,162 SF. This represents a Capitalization Rate of return of 8.7% if the building is assumed to be full at current market rates. 1/3 of the building is vacant and is ready for a new tenant, or an owner occupant as the existing long-term tenant just relocated. The market rent is a very competitive rate of $20 per foot per year full service, including taxes, insurance, CAM and utilities. That rate approximates a NNN lease rate of $12.56. See Pro-Forma in Associated Documents.

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© 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team. Data last updated: 2021-10-16T13:25:39.443
www.gwenjohnson.com/homes/119845202
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1 Quail Creek Cir , 1, 2 & 3 North Liberty, IA 52217

  • Price: $2,400,000
  • Status: Active
  • Updated: 24 min ago
  • MLS #: 202104388
0
Beds
0
Baths
0
½ Baths
2.67
Acres
17,162
SQFT
$140
$/SQFT
1991
Built
Neighborhood:
Nw Quadrant
County:
Johnson
Area:
Nw Quadrant
Elementary School:
Van Allen
Middle School:
North Central
High School:
Liberty High School
Property Description
This property is priced at a Cook Appraisal price from 5/4/2020 at $2,400,000. The size, including the second-floor conference room, is 17,162 SF. This represents a Capitalization Rate of return of 8.7% if the building is assumed to be full at current market rates. 1/3 of the building is vacant and is ready for a new tenant, or an owner occupant as the existing long-term tenant just relocated. The market rent is a very competitive rate of $20 per foot per year full service, including taxes, insurance, CAM and utilities. That rate approximates a NNN lease rate of $12.56. See Pro-Forma in Associated Documents.
Exterior Features

Additional Square Feet 10000-20000 Sqft Construct Cm Frame Road Frontage County/City RoadPavement Roof Type Composition

Interior Features

Cooling Central A/C Elevators No Floor Type CarpetCeramic TileVinyl/Vinyl Tile Heating GasForced Air

Property Features

Bank Owned NO Business EducationalMedical DentalOffice BuildingRetail StoreWholesaleOther Ci Features Display WindowOther Gross Taxcounty And City 61650 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location FreestandingOffice Center Lot Dimensions Irregular Ownership Type Commercial Possible Financing CashConventional Sale Includes Building &Amp; Land Sale Lease For Sale Special Features None Type Of Lease Na Utilities Available Cable TvElectricityNatural GasSewerWater-City Zoning C 1 B

Listing information © 2021 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



© 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team. Data last updated: 2021-10-16T13:25:39.443
 
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