$3,750,000
$4,500,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
1.43 Acres Lot
SOLD DATE : 10/29/2024
Key Details
Sold Price $3,750,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 202404296
Sold Date 10/29/24
Year Built 2001
Annual Tax Amount $262,278
Tax Year 2022
Lot Size 1.435 Acres
Acres 5.96
Lot Dimensions 526x613x571x316
Property Sub-Type Commercial
Property Description
Class A office buildings for investors or users. There are two buildings with a total of 5 floors. Each floor has 12,500 usable/rentable feet and 4 are vacant. Owner users would have up to 50,000 feet of built out office space to move into. The other floor is leased to Integrated DNA Technologies. Both buildings priced at $4,500,000, that's only $72 per square foot. If all of the vacant space is leased to one user the discounted rate is $8.00 NNN with passthroughs at $5.57 psf. Lease rate per floor otherwise is $12 / NNN. Buildings on a land lease paid through 2/28/2044 with the University of Iowa.
Location
State IA
County Johnson
Zoning I1
Direction East on Oakdale Blvd from Coral Ridge Ave/Hwy 965.
Interior
Interior Features Elevator, Zero Step Entry
Heating Natural Gas, Forced Air
Cooling Central Air
Flooring Carpet, Ceramic Tile
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Roof Type Other
Building
Lot Size Range Five To Ten Acres
Structure Type Steel Or Metal,Synthetic Stucco
Others
Tax ID Below
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Special Listing Condition Standard
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Bought with NONMEMBER
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