Description
Net Leased Investment Property - Building has been subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return. Rapidly growing area near research campus, future Mercy Hospital location, new rehab hospitals, and the West Coralville development make this a smart buy. Square footage is approximated from the Johnson Co. Assessor site.
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Listing Agent: Jon Proud Courtesy of: Coldwell Banker Real Estate Professionals 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: 17th May, 2022 9:56 AM (UTC)
