Log In/Sign Up
Your email has been sent.
113 Iowa Ave 2,888 SF 100% Leased Retail Building Iowa City, IA 52240 $1,917,118 CAD ($663.82 CAD/SF) 4.90% Cap Rate
Executive Summary
Sale to be part of a 1031 exchange
Paying cash will be the only way to realize around a 5% cap rate. Depreciation on building will increase this number.
Building main floor and basement (1900 sq. ft) leased by retail tenant through January 31, 2030. Tenant has three 5 year options.
Residential space above (988 sq. ft) fully rented without lease which could make easier for renovation options.
Paying cash will be the only way to realize around a 5% cap rate. Depreciation on building will increase this number.
Building main floor and basement (1900 sq. ft) leased by retail tenant through January 31, 2030. Tenant has three 5 year options.
Residential space above (988 sq. ft) fully rented without lease which could make easier for renovation options.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,888 SF
Building Class
C
Year Built
1900
Price
$1,917,118 CAD
Price Per SF
$663.82 CAD
Cap Rate
4.90%
NOI
$93,939 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.82
Lot Size
0.08 AC
Zoning
CB10 - Central business district.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wedge Pizza
- -
- -
- $35.49 CAD
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wedge Pizza | - | - | $35.49 CAD | Triple Net | - |
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1010311012 | Improvements Assessment | $582,765 CAD |
| Land Assessment | $427,971 CAD | Total Assessment | $1,010,736 CAD |
Property Taxes
Parcel Number
1010311012
Land Assessment
$427,971 CAD
Improvements Assessment
$582,765 CAD
Total Assessment
$1,010,736 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
113 Iowa Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.