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8710 Earhart Lane Sw, Cedar Rapids, IA 52404

$9,985,000.00
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SQUARE FEET42,202 MLS#2206002 TRANSACTIONSale
STATUSActive TOTAL SQFT42, 202 SUB TYPESInvestment PROPERTY TYPECommercial - Investment
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Property Description

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.

Property Features

Property Type: Commercial - Investment
Days on Market: 259
Lot Size: 4.34 Acres
Roof Type: Membrane
Stories: 2.0
Taxes: $177,357
Year Built: 2000

Feature Descriptions

Building: Multi Tenant
Ceiling Height: 11ft-14ft
Construction: Concrete Block, See Remarks
Flooring: Carpet
Heating/Cooling: Central Air, Central Heat, Gas Heat
Lot Dimensions: 4.34 Acre
Miscellaneous: Elevator, Kitchen Facility, Off Str Pkg, Rest Rooms, Security System, Sprinkler
Power: 220 Volt
Security: yes
Sqft Total: 42,202
Sub Types: Investment
Terms: Cash
Traffic Count: 30001-Up
Transaction Type: Sale
Utilities: Electric, Gas
Water/Sewer/Roads: City Sewer, City Water
Zoning: S-MC

Listed By / Shown By

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Listed By

Agency Name: SKOGMAN REALTY COMMERCIAL
Agent Name: Tiffany Earl Williams

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