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UNIVERSITY BLVD PLAZA 8435 University Blvd 8,000 SF 100% Leased Office Building Clive, IA 50325 $1,200,000 ($150/SF) 6.73% Cap Rate
EXECUTIVE SUMMARY
By owner. 100% occupancy. Many long term tenants. Excellent rental history. June 1, 2025 Installed new roof system, 18 year warranty, with life expectancy of 30 years. Warranty is transferable to new owner. 85% reflectivity holds a UL-790 Class A fire rating. Only serious offers will be entertained, must sign NDA, will provide more information and lease structures. Good solid Plaza, located in prime Clive, Iowa location. Brokers Welcome
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$122,290
|
$15.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$122,290
|
$15.29
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$41,556
|
$5.19
|
| Net Operating Income |
$80,734
|
$10.09
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $122,290 |
| Annual Per SF | $15.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $122,290 |
| Annual Per SF | $15.29 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $41,556 |
| Annual Per SF | $5.19 |
| Net Operating Income | |
|---|---|
| Annual | $80,734 |
| Annual Per SF | $10.09 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
8,000 SF
Building Class
B
Year Built
1997
Price
$1,200,000
Price Per SF
$150
Cap Rate
6.73%
NOI
$80,734
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Slab To Slab
10’
Building FAR
0.24
Lot Size
0.78 AC
Zoning
TC-3 - TC3
Parking
42 Spaces (5.25 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 291-00405000000 | Improvements Assessment | $542,000 (2025) |
| Land Assessment | $349,000 (2025) | Total Assessment | $891,000 (2025) |
PROPERTY TAXES
Parcel Number
291-00405000000
Land Assessment
$349,000 (2025)
Improvements Assessment
$542,000 (2025)
Total Assessment
$891,000 (2025)
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University Boulevard Plaza
UNIVERSITY BLVD PLAZA | 8435 University Blvd
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