Description
Excellent Office Building for sale. All brick exterior with lots of windows & Class A space that has been remodeled and updated over time. Nice mix of 13+ offices with 2+ conference rooms with large reception and cubicle areas. Building can be easily divided into two units of 5,039 sq ft & 2,671 Sq. Ft. units for multi-use or sub-letting. Great central location with quick access to I380 and 32-Car off street parking. TENANT RIGHTS Building is currently leased through 12/31/2023 for $10.00 PSF NNN (Self-Managed Cap-Rate = 8.5% / 2021-22 Pass-Thoughs are $4.83 PSF & includes Maintenance Contract). NOTE: Building Size is 7,709 per Owner/Blueprint and 7,645 per Assessor.
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0BEDS
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0.67ACRES
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0BATHS
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01/2 BATHS
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7,709SQFT
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$117$/SQFT
School Ratings & Info
Description
Excellent Office Building for sale. All brick exterior with lots of windows & Class A space that has been remodeled and updated over time. Nice mix of 13+ offices with 2+ conference rooms with large reception and cubicle areas. Building can be easily divided into two units of 5,039 sq ft & 2,671 Sq. Ft. units for multi-use or sub-letting. Great central location with quick access to I380 and 32-Car off street parking. TENANT RIGHTS Building is currently leased through 12/31/2023 for $10.00 PSF NNN (Self-Managed Cap-Rate = 8.5% / 2021-22 Pass-Thoughs are $4.83 PSF & includes Maintenance Contract). NOTE: Building Size is 7,709 per Owner/Blueprint and 7,645 per Assessor.
© 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: 2023-01-29T16:25:37.613