Description
Class A office building for investors or users. There are two buildings with a total of 5 floors. Each floor has 12,500 usable/rentable feet and 3 are vacant. Owner users would have up to 37,500 feet of built out office space to move into. The 2 other floors are well occupied to Integrated DNA Technologies. Both buildings priced at $4,500,000. If all of the vacant space is leased to one user the discounted rate is $8.00 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. Lease rate per floor otherwise is $12 / NNN. 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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$72$/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 has 12,500 usable/rentable feet and 3 are vacant. Owner users would have up to 37,500 feet of built out office space to move into. The 2 other floors are well occupied to Integrated DNA Technologies. Both buildings priced at $4,500,000. If all of the vacant space is leased to one user the discounted rate is $8.00 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. Lease rate per floor otherwise is $12 / NNN. 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: 2023-09-28T14:25:48.697