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1140 Blairs Ferry Rd Ne

Cedar Rapids, IA 52402
  • $2,362,335
  • STATUS: Active
  • ON SITE: 323 Days
  • MLS #: 202304179
$2,362,335
  • 0
    BEDS
  • 1.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,801
    SQFT
  • $303
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1993
County:
Area:

School Ratings & Info

Description

Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.

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© 2024 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: 2024-06-22T00:26:13.787
www.gwenjohnson.com/homes/142112939
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1140 Blairs Ferry Rd Ne Cedar Rapids, IA 52402

  • Price: $2,362,335
  • Status: Active
  • On Site: 323 Days
  • MLS #: 202304179
0
Beds
0
Baths
0
½ Baths
1.12
Acres
7,801
SQFT
$303
$/SQFT
1993
Built
Neighborhood:
Out Of Area
County:
Linn
Area:
Out Of Area
Property Description
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.
Exterior Features

Construction Materials Block Lot Size Acre Range OneToTwoAcres Lot Size Dimensions 0 Road Frontage Type CountyRoadPaved Roof Other

Interior Features

Bathrooms Total Integer 0 Cooling CentralAir Flooring ConcreteSlabGrade Heating NaturalGasCentral

Property Features

Auction Online Bid YN No Business Type FoodAndBeverageRetail Buyer Financing CashOther Commercial Building Features Other Common Area Maintenance 0 Compensation Remarks 2.0 Existing Lease Type Nnn Expiration Date 2024-06-30 Green Verification YN No Listing Terms CashOther Possession AtClosing Property Sub Type Retail Special Features None Tax Annual Amount 39864 Tax Year 2021 Utilities CableAvailableElectricityAvailableNaturalGasAvailableSewerAvailablePhoneAvailableCityWater Zoning Sub Mixed Use Comm Ctr

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Adam Gibbs of GLD Commercial Real Estate Advisors: 319-731-3410.



© 2024 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: 2024-06-22T00:26:13.787
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241