Description
VERY MOTIVATED SELLER! Professional office building located in the University of Iowa Research Park. Perimeter offices, conference room, server room and bullpen - see attached floor plan. Property sits on over 4 acres of land which would allow for building and/or parking lot expansion. Currently there are 37 parking spaces. Fully paid land lease in place that expires March 1st, 2044. Lease can be renewed for two additional consecutive terms of 25 years. Research park uses include laboratories, offices, research and development facilities, light manufacturing, professional services (daycare), etc. Contact listing agent for additional information. Pass through expenses: Real Estate taxes $2.28/SF, Insurance $0.40/SF. Tenant responsible for lawncare and snow removal.
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0BEDS
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4.47ACRES
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0BATHS
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01/2 BATHS
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7,242SQFT
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$159$/SQFT
School Ratings & Info
Description
VERY MOTIVATED SELLER! Professional office building located in the University of Iowa Research Park. Perimeter offices, conference room, server room and bullpen - see attached floor plan. Property sits on over 4 acres of land which would allow for building and/or parking lot expansion. Currently there are 37 parking spaces. Fully paid land lease in place that expires March 1st, 2044. Lease can be renewed for two additional consecutive terms of 25 years. Research park uses include laboratories, offices, research and development facilities, light manufacturing, professional services (daycare), etc. Contact listing agent for additional information. Pass through expenses: Real Estate taxes $2.28/SF, Insurance $0.40/SF. Tenant responsible for lawncare and snow removal.
© 2023 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: 2023-09-30T18:25:38.5