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Brian Rosteck
REALTOR®, CCIM
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8710 Earhart Lane Sw
Cedar Rapids, IA 52404

$9,985,000.00

Sq. Feet: 42202
MLS ID: 2206002
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. View this listing at: http://brianrosteck.skogmancommercial.com/mls=2206002

Property Features

  • Taxes: $177,357
  • Roof Type: Membrane
  • Lot Size: 4.34 Acres
  • Lot Dimensions: 4.34 Acre
  • Year Built: 2000
  • Security: yes
  • Stories: 2.0
  • Building Description: Multi Tenant
  • Ceiling Height: 11ft-14ft
  • Construction: Concrete Block,See Remarks
  • Flooring: Carpet
  • Heating/Cooling: Central Air,Central Heat,Gas Heat
  • Miscellaneous: Elevator,Kitchen Facility,Off Str Pkg,Rest Rooms,Security System,Sprinkler
  • Power: 220 Volt
  • Transaction Type: Sale
  • Sub Types: Investment
  • Terms: Cash
  • Sqft Total: 42,202
  • Traffic Count: 30001-Up
  • Utilities: Electric,Gas
  • Water/Sewer/Roads: City Sewer,City Water
  • Zoning: S-MC
Printed November 28, 2022
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/28/2022. The listing information on this page last changed on 11/28/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Cedar Rapids MLS (last updated Mon 11/28/2022 8:04:05 PM EST) or NEIRBR MLS (last updated Mon 11/28/2022 8:05:28 PM EST) or ICAAR MLS (last updated Mon 11/28/2022 7:57:35 PM EST) or ECIMLS (last updated Mon 11/28/2022 8:00:20 PM EST). Real estate listings held by brokerage firms other than Skogman Commercial may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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