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5051 E University 5051 E University Ave 2,627 SF 100% Leased Retail Building Pleasant Hill, IA 50327 $675,000 ($256.95/SF) 9.33% Cap Rate
Investment Highlights
- 100% Leased
- Sits on a High Traffic Corridor
- 10 Suites
Executive Summary
Spacious building perfect for offices or suites, with ample parking for visitors and tenants. The property has 10 individual suite spaces and is currently at full occupancy. Amenities include a kitchenette, laundry, and 20 parking spaces with overflow. This property sits in a convenient location right off of highway 163, and is just a few minutes from highway 65.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,627 SF
Building Class
B
Year Built
2004
Price
$675,000
Price Per SF
$256.95
Cap Rate
9.33%
NOI
$62,978
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.32 AC
Zoning
C-2
Parking
16 Spaces (6.27 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 221-00106024002 | Improvements Assessment | $354,600 |
| Land Assessment | $67,400 | Total Assessment | $422,000 |
Property Taxes
Parcel Number
221-00106024002
Land Assessment
$67,400
Improvements Assessment
$354,600
Total Assessment
$422,000
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5051 E University | 5051 E University Ave
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