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    97 Commercial Dr

    Iowa City, IA 52246
    • $465,000
    • STATUS: Active
    • ON SITE: 60 days
    • MLS #: 202005852
    UPDATED: 70 min ago
    $465,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $78
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1988
    County:
    Area:

    School Ratings & Info

    Description

    Leased investment with long term, quality tenant in place. Current term ends on 12-31-2023 with three 2-year options to renew with CPI adjustments. Building is 6,000 feet with approx. 1,200 feet of office and the balance in warehouse/storage/production. Three doc doors and one OH door. Full HVAC in office space, radiant heat in warehouse area. Above ground gas storage and pump for tenant fleet. 7.1% cap rate investment return.

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    © 2020 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: 2020-11-25T15:25:40.7
    www.gwenjohnson.com/homes/110408552
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    97 Commercial Dr Iowa City, IA 52246

    • Price: $465,000
    • Status: Active
    • Updated: 70 min ago
    • MLS #: 202005852
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    6,000
    SQFT
    $78
    $/SQFT
    1988
    Built
    Neighborhood:
    Iowa City
    County:
    Johnson
    Area:
    Iowa City
    Property Description
    Leased investment with long term, quality tenant in place. Current term ends on 12-31-2023 with three 2-year options to renew with CPI adjustments. Building is 6,000 feet with approx. 1,200 feet of office and the balance in warehouse/storage/production. Three doc doors and one OH door. Full HVAC in office space, radiant heat in warehouse area. Above ground gas storage and pump for tenant fleet. 7.1% cap rate investment return.
    Exterior Features

    Additional Square Feet 5000-10000 Sqft Construct Cm FrameSteel/Metal Road Frontage County/City RoadPavement Roof Type Metal/Steel

    Interior Features

    Cooling Central A/C Elevators No Floor Type Concrete Slab/GradeReinforced Concrete Heating Steam/Hotwtr

    Property Features

    Bank Owned NO Business Auto ServicesBuilding SuppliesIndustrialManufacturingOtherWarehouse Ci Features Additional BuildingsDelivery DoorLoading DockOther Gross Taxcounty And City 7128 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Other Lot Dimensions Irregular Ownership Type Commercial Possible Financing Cash Sale Includes Building &Amp; Land Sale Lease For Sale Special Features Other Type Of Lease Na Utilities Available SewerWater-City Zoning I1

    Listing information © 2020 Iowa City Area Association of Realtors.
    Listing provided courtesy of Jeff Edberg of Lepic-Kroeger, Realtors.



    © 2020 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: 2020-11-25T15:25:40.7
     
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    The Johnson Team
    2530 Corridor Way
    Coralville IA, 52241