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Utica Crest Medical Building 3740 Utica Ridge Rd 30,082 SF Office Building Bettendorf, IA 52722 $4,115,000 ($136.79/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Capital Investment: In the past year, ownership invested over $400K in major improvements, including a brand new roof.
- Proximity to Major Medical Hub: The property is less than one mile from UnityPoint Health Trinity Bettendorf, a 139-bed hospital.
- Investment Grade Credit: UnityPoint carries an AA- rating from Fitch, placing it among the highest-rated nonprofit health systems in the Midwest.
- Strong Rent Growth: The two tenants generate an annual 4.65% weighted average rent increase.
- Dense, Affluent Demographics: More than 150k residents live within 5-miles, with above-average household incomes.
- High-Visibility Corridor: Located just off I-74 with ±35,000 VPD, the site provides convenient access and proximity to major employment centers.
EXECUTIVE SUMMARY
Adam Marek
License # F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
License # F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
30,082 SF
Building Class
B
Year Built/Renovated
1974/2024
Price
$4,115,000
Price Per SF
$136.79
Cap Rate
7.50%
NOI
$308,625
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
30,082 SF
Building FAR
0.15
Lot Size
4.68 AC
AMENITIES
- Courtyard
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Growing With Grace Early Learning Center, LLC
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Iowa Physicians Clinic Medical Foundation d/b/a Un
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Growing With Grace Early Learning Center, LLC | Services | 99,999 SF | - | Lorem Ipsum | - | |
| Iowa Physicians Clinic Medical Foundation d/b/a Un | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | - |
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PROPERTY TAXES
| Parcel Number | 841737003-1 | Improvements Assessment | $2,963,000 |
| Land Assessment | $946,600 | Total Assessment | $3,909,600 |
PROPERTY TAXES
Parcel Number
841737003-1
Land Assessment
$946,600
Improvements Assessment
$2,963,000
Total Assessment
$3,909,600
CONTACTS
-
Remi Bogdanovich -
Kyle Mackulak -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Utica Crest Medical Building | 3740 Utica Ridge Rd
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