6201 16th Avenue SW #2.9 Ac Cedar Rapids IA 52404
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6201 16th Avenue SW #2.9 Ac Cedar Rapids IA 52404
*sale pending with contingencies* Fully leased and recently improved industrial investment opportunity with a national credit Tenant, United Rentals. Lease is secured under a NNN structure with annual base rent increases. This industrial outdoor storage opportunity is 2.9 acres and features a paved concrete lot, new 6’ high fencing with a 30’ powered gate with keypad entry, and new LED lighting. The current offering provides investors with a 7.0% CAP rate. The adjacent land to the west is also for sale, with an opportunity for a Buyer to secure an additional 7.97-11.01 acres of industrial zoned ground. Buyer to be responsible for unamortized cost of improvements at the time of closing. Contact the listing agent for additional details.
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