Description
Class A office building for investors or users. There are two buildings with a total of 5 floors. Each floor is 15,000 feet and 2 are vacant. Owner is willing to lease back vacant floors for investors, and owner users would have up to 25,000 feet of built out office space to move into. The 3 other floors are well occupied. One to General Dynamics and two to Integrated DNA Technologies. The vacant space is for lease at $13.00 NNN with passthroughs at $3.72 psf for taxes, approx. $0.35 psf for insurance and approx $1.50 for CAM totaling $5.57 psf. The lease rate drops to $9.50 NNN for terms of 5 years or better. Buildings on a land lease paid through 2/28/2044 with University of Iowa.
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0BEDS
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5.96ACRES
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0BATHS
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01/2 BATHS
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62,500SQFT
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$88$/SQFT
School Ratings & Info
Description
Class A office building for investors or users. There are two buildings with a total of 5 floors. Each floor is 15,000 feet and 2 are vacant. Owner is willing to lease back vacant floors for investors, and owner users would have up to 25,000 feet of built out office space to move into. The 3 other floors are well occupied. One to General Dynamics and two to Integrated DNA Technologies. The vacant space is for lease at $13.00 NNN with passthroughs at $3.72 psf for taxes, approx. $0.35 psf for insurance and approx $1.50 for CAM totaling $5.57 psf. The lease rate drops to $9.50 NNN for terms of 5 years or better. Buildings on a land lease paid through 2/28/2044 with University of Iowa.
© 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: 2023-03-28T14:26:08.493