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Browse More Listings in Office For Sale, Conroy, IA or Iowa

Office Property For Sale

SMALL TOWN POST OFFICE, LONG LEASE, NOT CLOSING!

558 7th Av, Conroy, IA 52220

FRONT SHOWING POST OFFICE AND THE OTHER OFFICE NEXT DOOR

Price:
$136,900
Building Size:
2,500 SF
Price/SF:
$54.76
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with 5 years left on lease
Commission Split:
2.5%
Cap Rate:
10.70%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Multiple
Year Built:
1973
Lot Size:
6,000 SF
Tax ID / APN #:
29006500108000
Find Out More...

Last Verified 11/5/2009 Listing ID 15916092

Description

Two businesses are leasing. The Conroy Post Office leases 5 years at a time and the other half of the building is leased to another firm with a 3 year lease.

This Post Office was informed that it WILL NOT be closing.

Located just north of Interstate 80 and south of the Amana Colonies on County Hwy F 34. It's definitely off the beaten path, but vital to the area.

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2007
Scheduled Gross Income
$14,580
Effective Gross Income
$14,580
Operating Expenses
$660
Net Operating Income
$13,920
Pre-Tax Cash Flow
$13,920

Tenant	SF Occupied	Lease Expired
US Post Office	1,250
Web Based Business	1,250

Map of 558 7th Av, Conroy, IA 52220 (Iowa County)

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Created 9/26/2008

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - SMALL TOWN POST OFFICE, LONG LEASE, NOT CLOSING!

558 7th Av, Conroy, IA, 52220