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600 3rd Ave SE 40,764 SF 37% Leased Office Building Cedar Rapids, IA 52401 $3,850,000 ($94.45/SF)
INVESTMENT HIGHLIGHTS
- Multi-Tenant Office Building in downtown Cedar Rapids and near the Medical District
- Masonary Contruction
- Class A Office Building
EXECUTIVE SUMMARY
Built in 2012, this Class-A, three-story multi-tenant office building is located in downtown Cedar Rapids with direct I-380 access near the Medical District, shopping, dining, and entertainment. Constructed with masonry/concrete exterior, wood/steel structure, and quality finishes including commercial carpet, painted sheetrock, and granite lobby flooring. Current tenants are Morgan Stanley and Clifton Larson Allen LLP.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Building Size
40,764 SF
Building Class
A
Year Built
2012
Price
$3,850,000
Price Per SF
$94.45
Percent Leased
37%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,588 SF
Building FAR
0.97
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
U-FD - Urban Form District
AMENITIES
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 120
- 4,193 SF
- Office
- -
- Now
- 1st Fl-Ste 150
- 6,269 SF
- Office
- -
- Now
- 2nd Fl-Ste 200
- 13,610 SF
- Office
- -
- Now
- 3rd Fl-Ste 350
- 1,628 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 120 | 4,193 SF | Office | - | Now |
| 1st Fl-Ste 150 | 6,269 SF | Office | - | Now |
| 2nd Fl-Ste 200 | 13,610 SF | Office | - | Now |
| 3rd Fl-Ste 350 | 1,628 SF | Office | - | Now |
1st Fl-Ste 120
| Size |
| 4,193 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 150
| Size |
| 6,269 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 13,610 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 350
| Size |
| 1,628 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 14214-81007-00000 | Improvements Assessment | $5,733,700 |
| Land Assessment | $504,000 | Total Assessment | $6,237,700 |
PROPERTY TAXES
Parcel Number
14214-81007-00000
Land Assessment
$504,000
Improvements Assessment
$5,733,700
Total Assessment
$6,237,700
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600 3rd Ave SE
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