Listed by GLD Commercial Real Estate Advisors
$545,000
Details
APN 19042-76019-00000
Property Type Industrial, Retail
Sub Type Auto Shop, Flex
Square Footage 4,800
Cap Rate 8.00%
Tenancy Multi
Lease Type NNN
Price per SqFt $114
Year Built 1992
Buildings 1
Stories 1
Acreage 0.920
Zoning Traditional Industrial Mixed Use
Investment Type Stabilized
Sale Condition For sale by owner
Fully Leased Industrial Opportunity
Marketing description
255 Classic Car Ct SW is a fully leased industrial investment opportunity in southwest Cedar Rapids with excellent visibility from I-380 and quick access to both Highway 30 and I-380. The 4,800 SF flex building is now 100% occupied by two established tenants—JetSet Automotive/Duffy’s Classic Cars, which recently signed a new 5-year lease with annual rent increases, and Keenan Auto, secured on a new 10-year term. The property features four drive-in bays and prominent monument signage along a corridor long associated with the automotive industry.
Investment highlights
Fully leased investment opportunity
8.36% Cap rate
Listing Contacts
Listed by GLD Commercial Real Estate Advisors
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