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2761 Oakdale , 1-2

Coralville, IA 52241
  • $711,000
  • STATUS: Active
  • ON SITE: 281 Days
  • MLS #: 202100386
UPDATED: 13 min ago
$711,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,951
    SQFT
  • $180
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

Description

Net Leased Investment Property - Building is being further 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 (see attached doc). Rapidly growing area near research campus and new rehab hospitals make this a smart buy.

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© 2021 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. Data last updated: 2021-10-23T15:25:42.473
www.gwenjohnson.com/homes/113282533
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2761 Oakdale , 1-2 Coralville, IA 52241

  • Price: $711,000
  • Status: Active
  • Updated: 13 min ago
  • MLS #: 202100386
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,951
SQFT
$180
$/SQFT
2006
Built
Neighborhood:
Coralville
County:
Johnson
Area:
Coralville
Property Description
Net Leased Investment Property - Building is being further 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 (see attached doc). Rapidly growing area near research campus and new rehab hospitals make this a smart buy.
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

Business EducationalMedical DentalOffice BuildingOtherReligiousRetail Store 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 Other Sale Lease For Sale Special Features None Type Of Lease Nnn Utilities Available Cable TvElectricityNatural GasSee Other RemarksSewerTelephoneWater-City Zoning Cpud-2

Listing information © 2021 Iowa City Area Association of Realtors.
Listing provided courtesy of David Biancuzzo of Coldwell Banker Real Estate Professionals.



© 2021 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. Data last updated: 2021-10-23T15:25:42.473
 
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The Johnson Team
2530 Corridor Way
Coralville IA, 52241