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1140 Blairs Ferry Rd NE 7,801 SF 100% Leased Retail Building Cedar Rapids, IA 52402 $2,362,335 ($302.82/SF) 7.45% Cap Rate
Investment Highlights
- Located on highly travelled Blairs Ferry Rd NE.
- 128 parking spaces.
Executive Summary
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. THE PROPERTY WAS EXTENSIVELY RENOVATED IN 2021/2022, INCLUDING A NEW ROOF, NEW FACADE AND ALL NEW HVAC.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,801 SF
Building Class
C
Year Built
1993
Price
$2,362,335
Price Per SF
$302.82
Cap Rate
7.45%
NOI
$175,972
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.12 AC
Zoning
SMUCC - Suburban Mixed Use Community Center
Parking
120 Spaces (15.38 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 14032-26008-00000 | Improvements Assessment | $1,036,300 |
| Land Assessment | $392,000 | Total Assessment | $1,428,300 |
Property Taxes
Parcel Number
14032-26008-00000
Land Assessment
$392,000
Improvements Assessment
$1,036,300
Total Assessment
$1,428,300
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1140 Blairs Ferry Rd NE
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