2937 Sierra Ct SW #Entire Building Iowa City IA 52240
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2937 Sierra Ct SW #Entire Building Iowa City IA 52240
Value add investment. 37,875 SF office investment opportunity offered at $2.2 million ($58/SF), an extremely competitive price point for a building of this size in Iowa City. The property is partially leased to established tenants including University of Iowa Community HomeCare and Mass Markets, creating in-place income with significant upside through lease-up of the remaining 2nd and 3rd floor vacancy. Large floor plates and flexible suite configurations allow for a variety of office, medical, service, or back-office users. Rare opportunity to acquire a substantial commercial building with immediate income.
MLS#
202603021
Price
$2,200,000
Lease Rate
$9.00/SF
Status
Active
Property Type
Commercial Sale
Property Subtype
Commercial
Property Features
Lot Size:
2.4 Acres
Taxes
$112,308
Property Descriptions
Parcel#
1020457003
Utilities
Electricity Available, Natural Gas Available
Lot Dimensions:
2.4 Acres
Total Building Square Footage:
37,875 /SF
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