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2761 Oakdale Boulevard, Coralville, IA 52241

MLS Number: 2202797   |   Subtype: Commercial   |   Area: Iowa City/Coralville
$ 711,000

Net Leased Investment Property – Building has been subdivided into individual condominium units. Long established tenant (Farrell’s) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return. Rapidly growing area near research campus,

Property

  • County: Johnson
  • Lot Size: Condo
  • Acres: 0.0000
  • Year Built: 2006
  • Zoning: CPUD-2
  • Gross tax: $24,948.00

Building

Total Building SF: 4,207
Ceiling Height: 7ft-10ft,11ft-14ft

Utilities

Utilities: Electric,Gas
Heating/Cooling: Central Air, Forced Air, Gas Heat, Zoned Heating/Cooling

Lease Terms

Lease Type: NET
Tenet Pays: Re Tax, Insurance, CAM, Water, Electricity, Gas

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