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Pharmacists Mutual 808 Highway 18 W 67,629 SF Office Building Algona, IA 50511 $18,729,900 CAD ($276.95 CAD/SF) 8.02% Cap Rate

Office Spaces Iowa Algona 808 Highway 18 W, Algona, IA 50511

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EXECUTIVE SUMMARY

Kwekel Companies is pleased to offer the sale leaseback of Pharmacists Mutual’s 67,629 square foot office building located on a 14 acre site. Pharmacists Mutual will execute a new 15 year absolute NNN lease at closing.

ATTACHMENTS

Pharmacists Mutual - OM

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Building Size
67,629 SF
Building Class
B
Year Built
1971
Price
$18,729,900 CAD
Price Per SF
$276.95 CAD
Cap Rate
8.02%
NOI
$1,501,256 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
67,629 SF
Building FAR
0.11
Lot Size
14.03 AC
Zoning
commercial

LINKS

1 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-35-351-001
  • 18-34-400-011
  • 18-35-351-005
  • 18-34-400-009
 Improvements Assessment $7,625,767 CAD
Land Assessment $561,406 CAD Total Assessment $8,187,173 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 18-35-351-001
  • 18-34-400-011
  • 18-35-351-005
  • 18-34-400-009
Land Assessment
$561,406 CAD
Improvements Assessment
$7,625,767 CAD
Total Assessment
$8,187,173 CAD
(616) 293-6924

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 38337253

  • Date on Market: 2025-11-05

  • Last Updated:

  • Address: 808 Highway 18 W, Algona, IA 50511

The Office Property at 808 Highway 18 W, Algona, IA 50511 is currently available for Sale. Contact Kwekel Companies for more information.

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Pharmacists Mutual | 808 Highway 18 W
(616) 293-6924 x

Pharmacists Mutual | 808 Highway 18 W

Tim Kwekel
(616) 293-6924

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