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1065-1067 N Center Point Rd 9,045 SF 100% Leased Office Building Hiawatha, IA 52233 $1,625,000 ($179.66/SF) 6.76% Cap Rate
Investment Highlights
- NNN leases
- Brick construction
- Proximity to I-380
Executive Summary
Two-tenant investment opportunity on North Center Point Road in Cedar Rapids, IA
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
9,045 SF
Building Class
B
Year Built
2005
Price
$1,625,000
Price Per SF
$179.66
Cap Rate
6.76%
NOI
$109,857
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,045 SF
Building FAR
0.33
Lot Size
0.63 AC
Zoning
C-3 - Commercial
Parking
31 Spaces (3.43 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 11321-26011-00000 | Improvements Assessment | $1,078,000 |
| Land Assessment | $245,700 | Total Assessment | $1,323,700 |
Property Taxes
Parcel Number
11321-26011-00000
Land Assessment
$245,700
Improvements Assessment
$1,078,000
Total Assessment
$1,323,700
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1065-1067 N Center Point Rd
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