Prime opportunity to purchase 100% leased, Class A investment property in the Airport-Corridor region. The building is a modern office with a stately presence on I-380 immediately off the Eastern Iowa Airport-Wright Brothers Exit. The tenants are all professional office users who benefit from proximity to the Airport, Iowa City-North Liberty-Coralville employment base to the south as well as new residential projects planned immediately in the area that are situated in the Prairie School District. The area has recently announced or opened new facilities for BAE Systems, SubZero and FedEx. The NOI is currently $680,929.65 with future lease escalations. Under market rent presents an opportunity for future upside.
This commercial property located at 8710 Earhart Lane Sw, Cedar Rapids, IA 52404 is currently listed for sale with an asking price of $9,985,000. Search Cedar Rapids real estate on www.thinkflink.com today.
Agency Name: SKOGMAN REALTY COMMERCIAL
Agent Name: Tiffany Earl Williams