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916 NE 16th Street , #100

Cedar Rapids, IA 52402
  • $0
  • STATUS: Active
  • ON SITE: 721 Days
  • MLS #: 202203223
UPDATED: 81 min ago
$0
  • 0
    BEDS
  • 5.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,685
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial-Lease
Built:
2022
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

BRAND NEW MIXED USE DEVELOPMENT know as The Hub, in the heart of the Mt. Mercy University and Coe College District has shell space For Lease. Good fit for office, retail and service based business. The Hub is conveniently located in a bustling neighborhood with restaurants, grocery stores, and other service-based tenants, with easy access to I-380. Along with commercial business, the development will feature 186 market rate apartment units for rent. Tenant Improvement Allowance: $10 PSF. Minimum square feet for lease: 2,842. Maximum Contiguous Square Feet For Lease: 5,685. Commissions on total lease values >= to $200,000 - 50% lease execution, 50% rent commencement. Commissions on total lease values <$200,000 - 100% rent commencement. SOC is 3% of the first $1,000,000 of primary term aggregate base rent; 2.5% of the next $1,000,000 of primary term aggregate base rent; 2% of the next $1,000,000 of primary aggregate base rent and 1.5% of primary term aggregate base rent thereafter.



© 2024 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: 2024-05-23T17:26:03.753
www.gwenjohnson.com/homes/129383079
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916 NE 16th Street , #100 Cedar Rapids, IA 52402

  • Price: $0
  • Status: Active
  • On Site: 721 Days
  • Updated: 81 min ago
  • MLS #: 202203223
0
Beds
0
Baths
0
½ Baths
5.37
Acres
5,685
SQFT
$0
$/SQFT
2022
Built
Neighborhood:
Out Of Area
County:
Linn
Area:
Out Of Area
Elementary School:
Garfield
Middle School:
Franklin
High School:
Washington
Property Description
BRAND NEW MIXED USE DEVELOPMENT know as The Hub, in the heart of the Mt. Mercy University and Coe College District has shell space For Lease. Good fit for office, retail and service based business. The Hub is conveniently located in a bustling neighborhood with restaurants, grocery stores, and other service-based tenants, with easy access to I-380. Along with commercial business, the development will feature 186 market rate apartment units for rent. Tenant Improvement Allowance: $10 PSF. Minimum square feet for lease: 2,842. Maximum Contiguous Square Feet For Lease: 5,685. Commissions on total lease values >= to $200,000 - 50% lease execution, 50% rent commencement. Commissions on total lease values <$200,000 - 100% rent commencement. SOC is 3% of the first $1,000,000 of primary term aggregate base rent; 2.5% of the next $1,000,000 of primary term aggregate base rent; 2% of the next $1,000,000 of primary aggregate base rent and 1.5% of primary term aggregate base rent thereafter.
Exterior Features

Construction Materials Frame Lot Size Acre Range FiveToTenAcres Lot Size Dimensions Irregular Road Frontage Type CountyRoad Roof Other

Interior Features

Bathrooms Total Integer 0 Cooling CentralAir Flooring ConcreteSlabGrade Heating Central

Property Features

Auction Online Bid YN No Business Type OfficeBuildingRetailMixed Buyer Financing Other Commercial Building Features AdditionalBuildingsSprinklerSystem Common Area Maintenance 5.25 Compensation Remarks 3% sliding Existing Lease Type Net Expiration Date 2024-05-31 Green Verification YN No Listing Terms Other Possession ClosePlus30Days Property Sub Type Retail Special Features None Tax Annual Amount 3637.95 Tax Year 2021 Utilities ElectricityAvailableNaturalGasAvailableSewerAvailablePhoneAvailableCityWater Zoning T-MC

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Craig Byers of Q4 Real Estate: 319-294-3339.



© 2024 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: 2024-05-23T17:26:03.753
 
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The Johnson Team | Skogman Realty
2530 Corridor Way
Coralville IA, 52241