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3315 Williams Boulevard SW, Cedar Rapids, IA 52404

Price: $1,350,000.00

Property

Subtype: Commercial

Area: SW Quadrant

Lot Size: 54,450

Acres: 1.2500

Year Built: 2004

Zoning: SMU

Gross Tax: 31,851

Traffic Count: 10001-15000

County: Linn

Utilities

Electric, Gas

Heating: Central Air,Central Heat,Gas Heat

Cooling: Central Air,Central Heat,Gas Heat

Building

Total Building Sq Ft: 9,424

Ceiling Height: 11ft-14ft

Floor Type: Carpet,Concrete Slab

Lease Terms

Tenant Pays: Re Tax, Insurance, CAM, Improvment, Janitorial, Heating, Water, Electricity, Trash Collection, Not Applicable


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Well maintained retail mall, 100% occupied with Triple Net leases; some national tenants. Net Operating Income potential of $96,120. Cap Rate of 7.12%. Good tenant mix. Brick building. Roof is new in 2021. Drive-Through window. Financials available upon request, but requires a confidentiality statement to be signed by prospect. Subject to 1031 Exchange. Listing Agent is a partial owner and licensed real estate agent in Iowa.

Listing Agent: Doug Laird Office: SKOGMAN REALTY COMMERCIAL Data courtesy of Cedar Rapids Area Association of Realtors MLS