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520 S Pierce Ave 21,470 SF 99% Leased Office Building Mason City, IA 50401 $2,700,000 ($125.76/SF) 6.50% Cap Rate
Investment Highlights
- Established office building in Mason City's West Corridor
- Longtime tenants with built in equity increases.
- Strong Medical Tenants
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
21,470 SF
Building Class
B
Year Built/Renovated
1973/2026
Price
$2,700,000
Price Per SF
$125.76
Cap Rate
6.50%
NOI
$175,500
Percent Leased
99%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,735 SF
Building FAR
0.53
Lot Size
0.93 AC
Opportunity Zone
Yes
Zoning
Z4 Multi use district - Property is zoned for office space and Z4 multi use to include but not limited to medical / clinical use
Parking
100 Spaces (4.66 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Accent Lighting
- Central Heating
- Natural Light
- Wi-Fi
- Air Conditioning
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Property Taxes
| Parcel Number | 07-08-426-01-700 | Improvements Assessment | $1,073,870 |
| Land Assessment | $121,770 | Total Assessment | $1,195,640 |
Property Taxes
Parcel Number
07-08-426-01-700
Land Assessment
$121,770
Improvements Assessment
$1,073,870
Total Assessment
$1,195,640
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520 S Pierce Ave
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