Share This Listing

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Pharmacists Mutual 808 Highway 18 W 67,629 SF Office Building Algona, IA 50511 $13,500,000 ($199.62/SF) 8.02% Cap Rate

Office Spaces Iowa Algona 808 Highway 18 W, Algona, IA 50511

Save this listing!

Favorite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

Kwekel Companies is pleased to offer the sale leaseback of Pharmacists Mutual’s 67,629 square foot office building located on a 14 acre site. Pharmacists Mutual will execute a new 15 year absolute NNN lease at closing.

ATTACHMENTS

Pharmacists Mutual - OM

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
67,629 SF
Building Class
B
Year Built
1971
Price
$13,500,000
Price Per SF
$199.62
Cap Rate
8.02%
NOI
$1,082,064
Tenancy
Single
Building Height
1 Story
Typical Floor Size
67,629 SF
Building FAR
0.11
Lot Size
14.03 AC
Zoning
commercial

LINKS

1 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-35-351-001
  • 18-34-400-011
  • 18-35-351-005
  • 18-34-400-009
 Improvements Assessment $5,495,573
Land Assessment $404,582 Total Assessment $5,900,155

PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-35-351-001
  • 18-34-400-011
  • 18-35-351-005
  • 18-34-400-009
Land Assessment
$404,582
Improvements Assessment
$5,495,573
Total Assessment
$5,900,155
(616) 293-6924

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 38337253

  • Date on Market: 11/5/2025

  • Last Updated:

  • Address: 808 Highway 18 W, Algona, IA 50511

More public record information on 808 Highway 18 W, Algona, IA 50511

The Office Property at 808 Highway 18 W, Algona, IA 50511 is currently available for Sale. Contact Kwekel Companies for more information.

1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
808 Highway 18 W, Algona, IA for sale Building Photo- Image 1 of 2
PM
1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Pharmacists Mutual | 808 Highway 18 W
(616) 293-6924 x

Pharmacists Mutual | 808 Highway 18 W

Tim Kwekel
(616) 293-6924

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.