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97 Commercial Dr , Iowa City, IA 52246

Contact GLD Commercial

Presented by Gibbs Lamb Drown, Commercial Real Estate Advisors

Price: $439,000.00

Property

Subtype: Commercial

Area: Iowa City

Lot Size: 0

Acres: 0.44

Year Built: 1988

Zoning: I1

Gross Tax: 7,128

County: Johnson

Utilities

Sewer, Water-City

Heating: Steam/Hotwtr

Building

Floor Type: Concrete Slab/Grade,Reinforced Concrete

Lease Terms

Lease Type: For Sale

Reduced with aggressive Seller-bring your offer! 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.

Listing Agent: Jeff Edberg Office: Lepic-Kroeger, REALTORS Data courtesy of Iowa City Area Association of Realtors MLS