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Brian Rosteck
REALTOR®, CCIM
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1100 5th St, Unit 125, 205 &, Coralville, IA 52241

$3,200,000.00

50 Photos

SQUARE FEET12,670 MLS#202204318 TRANSACTIONSale
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Fully leased medical office space offered as a leased investment property. The three tenants are Epiphany Dermatology, Dr. Andrews plastic surgery and Corridor Surgery Center. There is also a private office suite with complete kitchen that could be leased or used as a private office by the buyer. Annual net income is $199,019, CAM recovery is $80,201 and expenses are $94,235 giving a capitalization rate of 5.4%. All tenants have built out their own suites and are well invested in the property and are thriving. They are unlikely to move on lease turn over.

Property Features

Property Type: Commercial - Business
Cooling: Central A/C
Days on Market: 126
Heating: Forced Air, Gas
Lot Size: 0.55 Acres
Roof Type: Composition
Taxes: $52,646
Year Built: 1998

Feature Descriptions

Features: Display Window, Other
Flooring: Carpet, Ceramic Tile, Wood
Lease Type: N/A
Location: Office Center, Shopping Center
Lot Dimensions: Irregular
Road Frontage: County/City Road, Pavement
Transaction Type: Sale
Utilities Available: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Zoning: CPUD-2

Listed By / Shown By

Listed By

Agency Name: Lepic-Kroeger, REALTORS
Agent Name: Jeff Edberg

agent picture

Shown By

Agent Name: Brian Rosteck
Agent Phone: (319) 350-8450

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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 9:09:05 PM EST) or NEIRBR MLS (last updated Mon 11/28/2022 9:05:25 PM EST) or ICAAR MLS (last updated Mon 11/28/2022 9:07:40 PM EST) or ECIMLS (last updated Mon 11/28/2022 9:12:29 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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