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2761 Oakdale Blvd , 1-2

Coralville, IA 52241
  • $711,000
  • STATUS: Active
  • ON SITE: 296 Days
  • MLS #: 202200823
UPDATED: 24 min ago
$711,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,207
    SQFT
  • $169
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

Description

Net Leased Investment Property - Building has been subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return. Rapidly growing area near research campus, future University of Iowa Hospital & Clinics building, new rehab hospitals, and the West Coralville development make this a smart buy. Square footage is approximated from the Johnson Co. Assessor site.

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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: 2022-12-08T08:26:06.79
www.gwenjohnson.com/homes/125812731
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2761 Oakdale Blvd , 1-2 Coralville, IA 52241

  • Price: $711,000
  • Status: Active
  • On Site: 296 Days
  • Updated: 24 min ago
  • MLS #: 202200823
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,207
SQFT
$169
$/SQFT
2006
Built
Neighborhood:
Coralville
County:
Johnson
Area:
Coralville
Property Description
Net Leased Investment Property - Building has been subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return. Rapidly growing area near research campus, future University of Iowa Hospital & Clinics building, new rehab hospitals, and the West Coralville development make this a smart buy. Square footage is approximated from the Johnson Co. Assessor site.
Exterior Features

Additional Square Feet 2000-5000 SqftUnder 2000 Sqft Construct Cm BrickFrameOtherPrecast Stone Road Frontage County/City RoadState Highway Roof Type Composition

Interior Features

Cooling Central A/CZoned Elevators No Floor Type CarpetConcrete Slab/Grade Heating Forced AirGas

Property Features

Bank Owned NO Business EducationalMedical DentalOffice Building Ci Features Other Gross Taxcounty And City 5.93 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Business ParkOffice Center Lot Dimensions Condo Ownership Type Office Possible Financing CashConventional Sale Includes Building &Amp; Land Sale Lease For Sale Special Features None Type Of Lease Nnn Utilities Available Cable TvElectricityNatural GasSewerTelephoneWater-City Zoning Cpud-2

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Jon Proud of Coldwell Banker Real Estate Professionals: 319-351-3355.



© 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: 2022-12-08T08:26:06.79
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241