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1065-1067 N Center Point Rd 9,045 SF 100% Leased Office Building Hiawatha, IA 52233 $2,216,890 CAD ($245.10 CAD/SF) 6.76% Cap Rate
Investment Highlights
- NNN leases
- Brick construction
- Proximity to I-380
Executive Summary
Two-tenant investment opportunity on North Center Point Road in Cedar Rapids, IA
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
9,045 SF
Building Class
B
Year Built
2005
Price
$2,216,890 CAD
Price Per SF
$245.10 CAD
Cap Rate
6.76%
NOI
$149,871 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,045 SF
Building FAR
0.33
Lot Size
0.63 AC
Zoning
C-3 - Commercial
Parking
31 Spaces (3.43 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 11321-26011-00000 | Improvements Assessment | $1,483,134 CAD |
| Land Assessment | $338,039 CAD | Total Assessment | $1,821,173 CAD |
Property Taxes
Parcel Number
11321-26011-00000
Land Assessment
$338,039 CAD
Improvements Assessment
$1,483,134 CAD
Total Assessment
$1,821,173 CAD
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1065-1067 N Center Point Rd
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