Description
Class A office building for investors or users. There are two buildings with a total of 5 floors. Each floor is 15,000 feet and 2 are vacant. Owner is willing to lease back vacant floors for investors, and owner users would have up to 25,000 feet of built out office space to move into. The 3 other floors are well occupied. One to General Dynamics and two to Integrated DNA Technologies. Both buildings priced at $7,500,000. The vacant space is for lease at $13.00 NNN with passthroughs at $3.72 psf for taxes, approx. $0.35 psf for insurance and approx $1.50 for CAM totaling $5.57 psf. The lease rate drops to $9.50 NNN for terms of 5 years or better. Buildings on a land lease paid through 2/28/2044 with University of Iowa.
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Listing Agent: Jeff Edberg Courtesy of: Lepic-Kroeger, REALTORS 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: 27th January, 2023 4:57 AM (UTC)
