Description
VERY MOTIVATED SELLER! Professional office building located in the University of Iowa Research Park. Perimeter offices, conference room, server room and bullpen - see attached floor plan. Property sits on over 4 acres of land which would allow for building and/or parking lot expansion. Currently there are 37 parking spaces. Fully paid land lease in place that expires March 1st, 2044. Lease can be renewed for two additional consecutive terms of 25 years. Research park uses include laboratories, offices, research and development facilities, light manufacturing, professional services (daycare), etc. Contact listing agent for additional information. Pass through expenses: Real Estate taxes $2.28/SF, Insurance $0.40/SF. Tenant responsible for lawncare and snow removal.
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IDX information provided courtesy of the Iowa City Area Association of Realtors MLS. IDX data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 30th November, 2023 9:15 AM (UTC)
Listing Agent: Angie Glick
Listing Office: GLD Commercial Real Estate Advisors
