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3451 Hammond Ave 155,000 SF Office Building Waterloo, IA 50702 $3,500,000 ($22.58/SF)
Investment Highlights
- MULTIPLE BACK-UP POWER GENERATION SYSTEMS
- ONSITE DATA CENTER OPERATIONS
- FITNESS CENTER AND LOCKER ROOMS
- ONSITE CAFETERIA FOR STAFF
- EXISTING OFFICE FLOOR PLAN
- POTENTIAL FOR REDEVELOPMENT OF EXCESS LAND
Executive Summary
The property at 3415 Hammond Avenue in Waterloo, Iowa, offers a rare opportunity to acquire or reposition a 155,000 SF former Class A corporate office facility situated on 18.58 acres within the stable and economically diverse Waterloo–Cedar Valley market. Currently underutilized, this two-story campus provides significant flexibility for a wide range of end users, including corporate office occupiers, educational institutions, or residential developers seeking large scale conversion opportunities.
Property Facts Under Contract
Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Office
Building Size
155,000 SF
Building Class
B
Year Built
1980
Price
$3,500,000
Price Per SF
$22.58
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
77,500 SF
Building FAR
0.23
Lot Size
15.74 AC
Zoning
C- Commercial - Site is zoned C-Commercial as a existing office part. Surrounding properties include R-4 medium and high density residential.
Parking
898 Spaces (5.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Courtyard
- Fitness Center
- Food Service
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Skylights
- Waterfront
- Wheelchair Accessible
- Reception
- Storage Space
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
- Backup Power / Generators
- Raised Floor System
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8813-02-301-062 | Improvements Assessment | $1,825,380 |
| Land Assessment | $846,600 | Total Assessment | $2,671,980 |
Property Taxes
Parcel Number
8813-02-301-062
Land Assessment
$846,600
Improvements Assessment
$1,825,380
Total Assessment
$2,671,980
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