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723, 725, 720 Pacha Pkwy , 710, 650, 620

North Liberty, IA 52317
  • $11,900,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 202204190
$11,900,000
  • 0
    BEDS
  • 10.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 59,902
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Penn Landing is for sale. For the Qualified Buyer, there is additional information available. Long term tenant leases in place. The commercial complex has two condominium regimes in place. There are 6 separate Buildings, 35 Condo Suites, Parcel Numbers are 0612156005-56041. Operating Expense Ratio is under 31% and Cap rate is at 6% Cash on Cash is 6%. Property Taxes are $249,980.(based on 2021 evaluations) CAM is currently at $95,628.00. Years built range from 2007-2014. Lease type: NNN

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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: 2022-08-17T00:26:08.553
www.gwenjohnson.com/homes/131004139
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723, 725, 720 Pacha Pkwy , 710, 650, 620 North Liberty, IA 52317

  • Price: $11,900,000
  • Status: Active
  • On Site: 29 Days
  • MLS #: 202204190
0
Beds
0
Baths
0
½ Baths
10.86
Acres
59,902
SQFT
$199
$/SQFT
Neighborhood:
Nw Quadrant
County:
Johnson
Area:
Nw Quadrant
Elementary School:
Other
Middle School:
Other
High School:
Other
Property Description
Penn Landing is for sale. For the Qualified Buyer, there is additional information available. Long term tenant leases in place. The commercial complex has two condominium regimes in place. There are 6 separate Buildings, 35 Condo Suites, Parcel Numbers are 0612156005-56041. Operating Expense Ratio is under 31% and Cap rate is at 6% Cash on Cash is 6%. Property Taxes are $249,980.(based on 2021 evaluations) CAM is currently at $95,628.00. Years built range from 2007-2014. Lease type: NNN
Exterior Features

Additional Square Feet Under 2000 Sqft Construct Cm BrickFrame Road Frontage PavementState HighwayUs Highway Roof Type Other

Interior Features

Cooling Central A/C Floor Type Concrete Slab/Grade Heating Forced Air

Property Features

Business EducationalMedical DentalOffice BuildingOtherRecreation/ResortRetail Store Ci Features Display WindowSprinkler System Gross Taxcounty And City 249890 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Business ParkOffice Center Lot Dimensions Irreg Ownership Type Commercial Possible Financing Cash Sale Lease For Rent Special Features None Type Of Lease Nnn Utilities Available Cable TvElectricityNatural GasTelephoneUnderground UtilitiesWater-City Zoning Commercial

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Peggy Slaughter of Urban Acres Real Estate.



© 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: 2022-08-17T00:26:08.553
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241