Prime opportunity to purchase 100% leased, Class A investment property in the Airport-Corridor region. The building is a modern office with a stately presence on I-380 immediately off the Eastern Iowa Airport-Wright Brothers Exit. The tenants are all professional office users who benefit from proximity to the Airport, Iowa City-North Liberty-Coralville employment base to the south as well as new residential projects planned immediately in the area that are situated in the Prairie School District. The area has recently announced or opened new facilities for BAE Systems, SubZero and FedEx. The NOI is currently $680,929.65 with future lease escalations. Under market rent presents an opportunity for future upside.
- Price:
- $9,985,000
- Square Footage:
- 42,202
- Acreage:
- 4.34
- Year Built:
- 2000
- Listing ID #:
- 2206002
- Street Address:
- 8710 Earhart Ln SW
- City:
- Cedar Rapids
- State:
- Iowa
- Postal Code:
- 52404
- County:
- Linn
- Community:
- Sw Quadrant
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Approximate Total Liveable Area:
- 42202
- Building Security:
- Security System
- Construction Description:
- Block, Concrete, See Remarks
- Exterior Features:
- Sprinkler/Irrigation
- Features:
- Elevator(s), Kitchen Facilities, Multi-Tenant, Private Restrooms
- Flooring:
- Carpet
- Stories:
- 2
- Stories:
- 2
- Type Of Roof:
- Membrane
- Year Built:
- 2000
- Conforms To Zoning:
- S-Mc
- Zoning Description:
- S-Mc
- Days On Market:
- 262
- Included In Sale:
- Building, Land
- On Market Date:
- 2022-07-11
- Originating Mls:
- Cdr
- Terms:
- Cash
- Property Taxes:
- $177,357
- Parking Description:
- Off Street
- Cooling System:
- Central Air
- Electricity:
- 220 Volts
- Existing Water:
- Public
- Has Central Air Conditioning:
- 1
- Heating:
- Central, Gas
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Skogman Realty Commercial
