1100 Cimmie Ave NE | Cedar Rapids, IA 52402
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- LoopNet Team
1100 Cimmie Ave NE
Cedar Rapids, IA 52402
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Recently Exercised 3-Year Renewal Option Extending Lease Into September 2024
- Collins Aerospace is a Subsidiary of Raytheon Technologies (NYSE: RTX), Who Employs 181,000 People With Annual Revenue Of $64.4 Billion
- Tenant Has Been Consistently Extending the Lease and Operating Successfully at This Location For 16+ Years
- Recent Roof Replacement Completed in 2020
- Built-To-Suit Property for Collins Aerospace that was Constructed in 2005 – The Subject Property is Collins’ Facility Where R&D For Rotary Avionics an
- Raytheon Technologies is an Investment Grade Tenant With a Credit Rating Of A- (S&P) and a Market Cap of $137B
PROPERTY FACTS
Property Type
Building Size
100,329 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Typical Floor Size
100,329 SF
Building FAR
0.21
Lot Size
10.91 AC
Zoning
S-MC
Parking
430 Spaces (4.29 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 11343-76006-00000 | Improvements Assessment | $7,342,200 |
| Land Assessment | $658,500 | Total Assessment | $8,000,700 |
PROPERTY TAXES
Parcel Number
11343-76006-00000
Land Assessment
$658,500
Improvements Assessment
$7,342,200
Total Assessment
$8,000,700
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