Penn Landing is for sale. For the Qualified Buyer, there is additional information available. Long term tenant leases in place. The commercial complex has two condominium regimes in place. There are 6 separate Buildings, 35 Condo Suites, Parcel Numbers are 0612156005-56041. Operating Expense Ratio is at 31% and Cap rate is at 6%. Property Taxes are $250,622.42 CAM is currently at $110,333.30. Years built range from 2007-2014. Lease type: NNN. The building is on Main and Main in North Liberty, an established neighborhood with many business' in place. Many rooftops near by with several schools at all grade levels and activities. The current market place offers over 30 new business and over 200 new homes. Call Peggy Slaughter for showing schedule. At lease a 48 hours notice to coordinate tenants.
- Price:
- $11,900,000
- Square Footage:
- 59,902
- Acreage:
- 10.86
- Listing ID #:
- 2300838
- Street Address:
- 723, 725, 720,710, 6 Pacha Pkwy
- City:
- North Liberty
- State:
- Iowa
- Postal Code:
- 51317
- County:
- Johnson
- Community:
- Corridor Area
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Approximate Total Liveable Area:
- 59902
- Exterior Features:
- Sprinkler/Irrigation
- Features:
- Multi-Tenant
- Flooring:
- Concrete
- Windows:
- Display Window(s)
- Conforms To Zoning:
- Comm
- Zoning Description:
- Comm
- Days On Market:
- 111
- Included In Sale:
- Building
- On Market Date:
- 2023-02-10
- Originating Mls:
- Cdr
- Property Taxes:
- $250,622
- Cooling System:
- Central Air
- Existing Water:
- Public
- Has Central Air Conditioning:
- 1
- Heating:
- 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 Urban Acres Real Estate Corridor
