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3950 River Ridge Dr NE 9,936 SF 100% Leased Office Building Cedar Rapids, IA 52402 $2,197,440 CAD ($221.16 CAD/SF) 7.88% Cap Rate
INVESTMENT HIGHLIGHTS
- The area is home to a diverse mix of corporate offices, financial institutions, and professional service firms.
EXECUTIVE SUMMARY
A high-quality, fully leased office investment occupied by two well-established tenants: Advancement Resources, a global leader in professional development and philanthropic strategy, and the National Systems Contractors Association (NSCA), the nation's premier association representing the commercial integration industry. Both tenants are secured under triple net (NNN) lease structures, minimizing landlord responsibilities and providing stable, predictable income.
Positioned just off I-380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility. The area is home to a diverse mix of corporate offices, financial institutions, and professional service firms, with nearby amenities including restaurants, hotels, and retail centers serving the robust NE Cedar Rapids business district.
Positioned just off I-380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility. The area is home to a diverse mix of corporate offices, financial institutions, and professional service firms, with nearby amenities including restaurants, hotels, and retail centers serving the robust NE Cedar Rapids business district.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
9,936 SF
Building Class
B
Year Built
1989
Price
$2,197,440 CAD
Price Per SF
$221.16 CAD
Cap Rate
7.88%
NOI
$173,065 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,936 SF
Building FAR
0.22
Lot Size
1.06 AC
Zoning
TMUL - Traditional Mixed Use Limited
Parking
37 Spaces (3.72 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 14071-01007-00000 | Improvements Assessment | $1,083,141 CAD |
| Land Assessment | $223,198 CAD | Total Assessment | $1,306,339 CAD |
PROPERTY TAXES
Parcel Number
14071-01007-00000
Land Assessment
$223,198 CAD
Improvements Assessment
$1,083,141 CAD
Total Assessment
$1,306,339 CAD
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3950 River Ridge Dr NE
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