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Pharmacists Mutual 808 Highway 18 W 67,629 SF Office Building Algona, IA 50511 $18,417,241 CAD ($272.33 CAD/SF) 8.02% Cap Rate
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.
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
$18,417,241 CAD
Price Per SF
$272.33 CAD
Cap Rate
8.02%
NOI
$1,476,195 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
67,629 SF
Building FAR
0.11
Lot Size
14.03 AC
Zoning
commercial
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,626,811 CAD | |
| Land Assessment | $561,483 CAD | Total Assessment | $8,188,294 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$561,483 CAD
Improvements Assessment
$7,626,811 CAD
Total Assessment
$8,188,294 CAD
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Pharmacists Mutual | 808 Highway 18 W
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