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- LoopNet Team
3330 Southgate Ct SW
Cedar Rapids, IA 52404
8% Cap / Up To 13% Cash on Cash · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Close to all employee and customer conveniences. Easy to get to and find.
- Many New Upgrades To The Building. In Very Good Condition.
- Triple Net Lease Opportunity Backed By Corporate Guaranty. Nice cash on cash returns.
- Great 1031 Replacement Property!
PROPERTY FACTS
ABOUT 3330 SOUTHGATE CT SW , CEDAR RAPIDS, IA 52404
Property is a sale / leaseback opportunity with Triple Net Lease. 3 Years Remaining. 7.5% cap rate on net lease rate. Corporate tenant guarantys lease. This building has received some great enhancements. A new roof and new siding in 2020. New HVAC in early 2021 for the new owner. New carpet throughout the common spaces and in some of the rental spaces too. Also, one owner is a licensed real estate broker. Just off 33rd Ave SW in Cedar Rapids and stones throw from I-380 and 6th St SW. Many restaurants and hotels within walking distance. Super Convenient location.
PROPERTY TAXES
| Parcel Number | 19042-53007-00000 | Improvements Assessment | $8,600 |
| Land Assessment | $78,300 | Total Assessment | $86,900 |
PROPERTY TAXES
