Sale Price $3,150,000 - MLS: 202500949
This offering is for two, 2-story buildings at Beaver Kreek in North Liberty at Zeller & Dubuque. One building (345 Beaver Kreek) has eight, 2 Br-1Ba apartments on the second level & one commercial tenant on the 6,500-foot first floor. The same tenant, a biological research facility, occupies both floors in the second building (335 Beaver Kreek) totaling 13,000 SF. They are fully leased & currently bring in $315,510 plus $79,284 in NNN charges per year. After expenses of 35.4% the NOI is $254,842 yielding an 8.1% CAP rate. The Commercial tenant, Element, is a secure research facility so all showings require a 48 hour notice and all guests will have to show picture ID & be issued a guest badge for the escorted showing. Each building is 13,000 SF. The proforma, leasing information and floor plans are in the associated documents for your review.
MLS #: 202500949
Sale Price: $3,150,000
Year Built: 1996
Sq Ft: 26068.0
Business: Manufacturing
Construction: Frame
Floor Type: Carpet, Ceramic Tile, Vinyl
Financing:
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Acreage:
Lot: Irregular
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