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420 12th Avenue SE #1st-3rd Floor, Cedar Rapids, IA 52401

Price: $3,655,000.00

Property

Subtype: Commercial

Area: SE Quadrant

Lot Size: 0

Acres: 0.0000

Year Built: 2016

Zoning: Comm

Gross Tax: 53,708

Traffic Count: 15001-20000

County: Linn

Utilities

Electric, Gas

Heating: Central Air,Central Heat,Gas Heat

Cooling: Central Air,Central Heat,Gas Heat

Power Available: 220 Volt,See Remarks

Building

Total Building Sq Ft: 19,233

Ceiling Height: 7ft-10ft,11ft-14ft

Floor Type: Concrete Slab,See Remarks

Lease Terms

Tenant Pays: Re Tax, Insurance, CAM, Improvment, Janitorial, Heating, Water, Electricity, Trash Collection, Assoc Fee


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REAL ESTATE, FFE, AND INVESTMENT RENT ROLL FOR SALE Depot Building B Commercial Space FLOORS 1-3 (13,680 sq ft/ $5.50 per sq ft HOA) in the NewBo Arts & Entertainment District. Unique FINANCIAL OPPORTUNITY to own the REAL ESTATE, FFE including custom furniture, plumbing, and INVESTMENT OPPORTUNITY with current leases. TIF SCHEDULE available with 10 years remaining making this a high rate of return on your investment. Rent roll for Successful salon suites Floors 2 and 3 available. Floor 1 Approximately 2,000 square feet of flexible space and 800 square feet of additional expansion or warehouse. 8’ commercial insulated door to the rear of building where warehouse space is currently being used. 2,850 main floor square foot for available or for lease in this multi-tenant building. Each floor individually owned and parceled. 2 entrances with one South facing 12th Avenue (16,800 + cars / day, Source AADT) and another in the parking lot adjacent to the Newbo Market. Secure access, inviting vestibule with sitting area, elevator access- Ambulatory, mail station, industrial modern design, large display, or scenic windows with energy efficient UV film. The building offers exposed duct work, emergency lighting, overhead sprinklers, monitored fire alarms and extinguishers, Fiber internet, and security cameras. Convenient and up to date codes with ADA Compliance, 2 emergency stairwells, 4’6’ common hallway, drinking fountain, mop sink, kitchenette, and break room. Construction plans available with CAD access, concrete walls and flooring, gypcrete between floors 2 and 3 steel framing, and multi zoned HVAC systems and water heaters. Parking option at the front and back of the building. Immediate possession. Pass through expense includes the HOA fee to the Depot and Salon Flats. Please see additional information on expenses and rent roll. Ask about the residences on floor 4 and 5 for sale. * HOA fee monthly: $1,082 for 3 floors, HOA Salon Flats: $1,411 for 3 floors.

Listing Agent: Heather Morris Office: SKOGMAN REALTY Data courtesy of Cedar Rapids Area Association of Realtors MLS