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1100 5th St , 125, 205 & 210

Coralville, IA 52241
  • $3,200,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 202204318
UPDATED: 26 min ago
$3,200,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,670
    SQFT
  • $253
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1998
County:
Area:

School Ratings & Info

Description

Fully leased medical office space offered as a leased investment property. The three tenants are Epiphany Dermatology, Dr. Andrews plastic surgery and Corridor Surgery Center. There is also a private office suite with complete kitchen that could be leased or used as a private office by the buyer. Annual net income is $199,019, CAM recovery is $80,201 and expenses are $94,235 giving a capitalization rate of 5.4%. All tenants have built out their own suites and are well invested in the property and are thriving. They are unlikely to move on lease turn over.

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© 2022 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 | Skogman Realty. Data last updated: 2022-09-30T18:26:09.533
www.gwenjohnson.com/homes/131227590
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1100 5th St , 125, 205 & 210 Coralville, IA 52241

  • Price: $3,200,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 26 min ago
  • MLS #: 202204318
0
Beds
0
Baths
0
½ Baths
0.55
Acres
12,670
SQFT
$253
$/SQFT
1998
Built
Neighborhood:
Coralville
County:
Johnson
Area:
Coralville
Property Description
Fully leased medical office space offered as a leased investment property. The three tenants are Epiphany Dermatology, Dr. Andrews plastic surgery and Corridor Surgery Center. There is also a private office suite with complete kitchen that could be leased or used as a private office by the buyer. Annual net income is $199,019, CAM recovery is $80,201 and expenses are $94,235 giving a capitalization rate of 5.4%. All tenants have built out their own suites and are well invested in the property and are thriving. They are unlikely to move on lease turn over.
Exterior Features

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

Interior Features

Cooling Central A/C Elevators Yes Floor Type CarpetCeramic TileWood Heating Forced AirGas

Property Features

Bank Owned NO Business Medical Dental Ci Features Display WindowOther Gross Taxcounty And City 52646 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Office CenterShopping Center Lot Dimensions Irregular Ownership Type Commercial Possible Financing Cash Sale Includes Other Incl Sale Lease For Sale Special Features Other Type Of Lease N/A Utilities Available Cable TvElectricityNatural GasSewerTelephoneWater-City Zoning Cpud-2

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors: 319-351-8811.



© 2022 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 | Skogman Realty. Data last updated: 2022-09-30T18:26:09.533
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241