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123 1st St SE 9,256 SF 100% Leased Office Building Mason City, IA 50401 $972,512 CAD ($105.07 CAD/SF) 8.30% Cap Rate
Executive Summary
Introducing a prime investment opportunity in Mason City, IA!
Presenting Spring Harbor Office Building, located at 123 First St SE. This 9256 SF office building is fully leased, offering a solid $58,000 NOI with established tenants and the potential for further expansion with 1500 SF available. With an attractive 8.3% CAP rate, this property is a lucrative asset. Positioned close to downtown Mason City, this office space is highly sought-after for its convenient location and high tenant demand. This is a sound investment opportunity not to be missed. Whether you're looking to expand your real estate portfolio or secure a reliable income stream, this property offers both stability and growth potential.
Broker owned property and would consider management after the sale.
Conservative rents and should be solid for years to come.
Call with any questions! Brett Schoneman. 641-425-1233
Presenting Spring Harbor Office Building, located at 123 First St SE. This 9256 SF office building is fully leased, offering a solid $58,000 NOI with established tenants and the potential for further expansion with 1500 SF available. With an attractive 8.3% CAP rate, this property is a lucrative asset. Positioned close to downtown Mason City, this office space is highly sought-after for its convenient location and high tenant demand. This is a sound investment opportunity not to be missed. Whether you're looking to expand your real estate portfolio or secure a reliable income stream, this property offers both stability and growth potential.
Broker owned property and would consider management after the sale.
Conservative rents and should be solid for years to come.
Call with any questions! Brett Schoneman. 641-425-1233
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,256 SF
Building Class
B
Year Built/Renovated
1945/2024
Price
$972,512 CAD
Price Per SF
$105.07 CAD
Cap Rate
8.30%
NOI
$80,695 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,256 SF
Building FAR
0.64
Lot Size
0.33 AC
Zoning
Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Spring Harbor
- Health Care and Social Assistance
- -
- $11.16 CAD
- Triple Net
- Nov 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Spring Harbor | Health Care and Social Assistance | - | $11.16 CAD | Triple Net | Nov 2027 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-10-156-00-400 | Improvements Assessment | $480,489 CAD |
| Land Assessment | $88,495 CAD | Total Assessment | $568,984 CAD |
Property Taxes
Parcel Number
07-10-156-00-400
Land Assessment
$88,495 CAD
Improvements Assessment
$480,489 CAD
Total Assessment
$568,984 CAD
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123 1st St SE
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