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2346 Mormon Trek Blvd 40,000 SF 88% Leased Office Building Iowa City, IA 52246 $6,603,782 CAD ($165.09 CAD/SF) 6% Cap Rate



Executive Summary
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
The team of eye doctors and eye care staff are present to care for all vision needs. They handle everything from adult and children’s eye exams and hard-to-fit contact lenses to eye emergencies, treatment of eye diseases, and co-management of eye surgery such as LASIK. With more than 15 years of history in Iowa City, the Alberhasky Eye Clinic (which opened in November of 1997) has connected with the community by participating in Healthy Kids Community Care, a school-based Health Clinic. By staying current with the latest developments in eye care, prescription lenses, and advances in contact lens technology, their vision center can provide individuals with the best vision, advice, and fit today—and in the years to come. They take pride in building lasting relationships with their patients, which is why they take the time to get to know each individual, their vision requirements, and their lifestyle needs.
A job for them isn’t just showing up and doing the work, it’s making sure to keep on schedule, on budget, and if they can, under both, so that their customers don’t have to worry. From renovations to demolitions to ground-up builds, they've done it all. After almost two decades of experience, they've learned how to work for and with their customers. They won’t just make their customer's project a success or something beautiful—they'll make it something they don’t have to worry about, ever, from the very start. Part of any good company, any good community, is having their head on straight with a solid forward plan. They'll take the time necessary to make sure whatever they come up with doesn’t just work for them, but works for the customer, too. Their company knows that taking care of the community involves taking care of the environment around it. They make sure to use sustainable materials so that the impact they have is beneficial for both their customers, and the planet.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Health Care and Social Assistance | - | - | Jan 0000 | ||
|
Construction | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Class A first floor office space at 2346 Mormon Trek Blvd, Ste 1600. 3,303 square feet of second generation office space in excellent condition built out with many windowed offices and a conference room. Plenty of surface parking in front and back of the building with both front and rear entrances. Traffic count on Mormon Trek Blvd is 13,300 cars per day with 23,100 cars per day on Nearby Hwy 1 and 29,300 cars per day on I-380 with easy access to Cedar Rapids. Gross monthly rent is approximately $5,315 including taxes insurance and CAM.
This 1310 SF commercial space was previously a dental office but could be reimagined to meet a new users needs. Lobby area with reception desk and restroom leads to private offices and open work areas with employee restroom. Great signage opportunity on this prominent building with 13,300 cars going by it daily and an additional 23,100 on nearby Hwy 1. Gross monthly rent, base + NNN charges = $2015.22 per month.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1600 | 3,303 SF | Office/Medical | - | Now |
| 2nd Fl-Ste 2600 | 1,310 SF | Office/Retail | - | Now |
1st Fl-Ste 1600
| Size |
| 3,303 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 2600
| Size |
| 1,310 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 1600
| Size | 3,303 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
Class A first floor office space at 2346 Mormon Trek Blvd, Ste 1600. 3,303 square feet of second generation office space in excellent condition built out with many windowed offices and a conference room. Plenty of surface parking in front and back of the building with both front and rear entrances. Traffic count on Mormon Trek Blvd is 13,300 cars per day with 23,100 cars per day on Nearby Hwy 1 and 29,300 cars per day on I-380 with easy access to Cedar Rapids. Gross monthly rent is approximately $5,315 including taxes insurance and CAM.
2nd Fl-Ste 2600
| Size | 1,310 SF |
| Space Use | Office/Retail |
| Build-Out | - |
| Available | Now |
This 1310 SF commercial space was previously a dental office but could be reimagined to meet a new users needs. Lobby area with reception desk and restroom leads to private offices and open work areas with employee restroom. Great signage opportunity on this prominent building with 13,300 cars going by it daily and an additional 23,100 on nearby Hwy 1. Gross monthly rent, base + NNN charges = $2015.22 per month.
Property Taxes
| Parcel Number | 1020157004 | Improvements Assessment | $5,203,207 CAD |
| Land Assessment | $903,363 CAD | Total Assessment | $6,106,569 CAD |
Property Taxes
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2346 Mormon Trek Blvd
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