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20128238
20128244

520 S Pierce Ave, Mason City, IA 50401

BS
IA 43980000, IA IA B43980000
Schoneman Realtors
Listed by Schoneman Realtors
$2,500,000
144 days on market
Updated 35 days ago

Westbrook Office Park

Details
Property Type Office
Sub Type Traditional Office
Square Footage 26,015
Net Rentable (SqFt) 21,470
Units 14
Cap Rate 9.44%
NOI $311,402
Occupancy 99%
Tenancy Multi
Lease Type Modified
Price per SqFt $96
Broker Co-Op Yes
Class B
Year Built 1973
Year Renovated 2026
Buildings 1
Stories 2
Acreage 0.940
Zoning z4
Investment Type Stabilized
Ownership Westbrook Office Park, LLC

Office | 9.44% CAP | 26,015 SqFt

Marketing description

Updated Financials!!!! New Management and new accounting team!!! Introducing the Westbrook Office Park, a prime investment opportunity located at 520 S Pierce Avenue, Mason City, IA 50401. This stately office building boasts a solid presence in the business community since 1973, offering a brick over masonry construction with precast concrete floors and elevator. Situated in a well-established west-central location, this property's excellent reputation continuously attracts and retains high-credit tenants such as Iowa Specialty Hospital, Synergy Physical Therapy, and more. With conservative rents and no deferred maintenance, the Westbrook Office Park is poised for long-term success.

Mason City, Iowa is located just 90 minutes south of Minneapolis, MN, and 90 minutes north of Des Moines, IA. The city has a strong medical and retail draw, with office space in higher demand. Financial details are available upon request for this exceptional opportunity. Local management is available.

Investment highlights

Management and Accounting Team updated in 2025, so financials now show a strong NOI. Pricing the same to move this asset. New medical anchor adds stability.

Listing Contacts

BS
IA 43980000, IA IA B43980000
Schoneman Realtors
Listed by Schoneman Realtors

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$311,402.00
$25,950.17/mo

Valuation Metrics

0
DSCR
12.46%
Cap Rate
12.46%
ROI

Map

Zoning

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Z4 MixedMixed UseMulti Use
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View all 94 uses
View all 94 uses
Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Brett Schoneman
License
43980000
Brokerage Phone
641-423-0500
Title
IA
Brokerage Address
1819 4th Street Southwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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