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Pharmacists Mutual 808 Highway 18 W 67,629 SF Office Building Algona, IA 50511 $18,768,645 CAD ($277.52 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
$18,768,645 CAD
Price Per SF
$277.52 CAD
Cap Rate
8.02%
NOI
$1,504,361 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 | $7,640,330 CAD | |
| Land Assessment | $562,478 CAD | Total Assessment | $8,202,808 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$562,478 CAD
Improvements Assessment
$7,640,330 CAD
Total Assessment
$8,202,808 CAD
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Pharmacists Mutual | 808 Highway 18 W
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