Area: Iowa City
Lot Size: 0
Year Built: 1988
Gross Tax: 7,128
Floor Type: Concrete Slab/Grade,Reinforced Concrete
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