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Pharmacists Mutual 808 Highway 18 W 67,629 SF Office Building Algona, IA 50511 $13,500,000 ($199.62/SF) 8.02% Cap Rate
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.
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
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,495,573 | |
| Land Assessment | $404,582 | Total Assessment | $5,900,155 |
Property Taxes
Parcel Numbers
Land Assessment
$404,582
Improvements Assessment
$5,495,573
Total Assessment
$5,900,155
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Pharmacists Mutual | 808 Highway 18 W
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