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1140 Blairs Ferry Rd NE 7,801 SF 100% Leased Retail Building Cedar Rapids, IA 52402 $3,297,631 CAD ($422.72 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on highly travelled Blairs Ferry Rd NE.
- 128 parking spaces.
EXECUTIVE SUMMARY
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. THE PROPERTY WAS EXTENSIVELY RENOVATED IN 2021/2022, INCLUDING A NEW ROOF, NEW FACADE AND ALL NEW HVAC.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,801 SF
Building Class
C
Year Built
1993
Price
$3,297,631 CAD
Price Per SF
$422.72 CAD
Cap Rate
7.25%
NOI
$239,082 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.12 AC
Zoning
SMUCC - Suburban Mixed Use Community Center
Parking
120 Spaces (15.38 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14032-26008-00000 | Improvements Assessment | $1,462,219 CAD |
| Land Assessment | $553,112 CAD | Total Assessment | $2,015,331 CAD |
PROPERTY TAXES
Parcel Number
14032-26008-00000
Land Assessment
$553,112 CAD
Improvements Assessment
$1,462,219 CAD
Total Assessment
$2,015,331 CAD
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1140 Blairs Ferry Rd NE
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