Sale Price $4,500,000 - MLS: 202404296
Class A office buildings for investors or users. There are two buildings with a total of 5 floors. Each floor has 12,500 usable/rentable feet and 4 are vacant. Owner users would have up to 50,000 feet of built out office space to move into. The other floor is leased to Integrated DNA Technologies. Both buildings priced at $4,500,000, that's only $72 per square foot. If all of the vacant space is leased to one user the discounted rate is $8.00 NNN with passthroughs at $5.57 psf. Lease rate per floor otherwise is $12 / NNN. Buildings on a land lease paid through 2/28/2044 with the University of Iowa.
MLS #: 202404296
Sale Price: $4,500,000
Year Built: 2001
Sq Ft: 62500.0
Business: Office Building
Construction: Steel Or Metal, Synthetic Stucco
Floor Type: Carpet, Ceramic Tile
Financing:
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Acreage: 5.96
Lot: 526x613x571x316
Frontage: County Road, Paved
Energy Generation:
Heat/Cooling: Natural Gas, Forced Air, Central Air
Information deemed reliable but not guaranteed
Edge Realty Group 319-351-3355 |
Listing Office: Lepic-Kroeger, REALTORS - Agent: Jeff Edberg - Information furnished by Iowa City Area Association of Realtors