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26417400
26417401

3950 River Ridge Dr NE, Cedar Rapids, IA 52402

MG
IA S66802000
GLD Commercial Real Estate Advisors
AG
IA B43857000
GLD Commercial Real Estate Advisors
Listed by GLD Commercial Real Estate Advisors
$1,575,000
290 days on market
Updated 2 days ago

3950 River Ridge Dr NE

Details
APN 14071-01007-00000
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 9,936
Net Rentable (SqFt) 9,936
Cap Rate 7.88%
NOI $124,085
Tenancy Multi
Lease Type NNN
Price per SqFt $159
Class B
Year Built 1989
Buildings 1
Stories 1
Acreage 1.060
Zoning Traditional Mixed Use Limited
Parking Spaces 41 spaces
Parking Per SqFt 4.13
Sale Condition For sale by owner

Office | 7.88% CAP | 9,936 SqFt

Marketing description

Located in the prestigious River Ridge Executive Park in Cedar Rapids, Iowa. Strategically positioned just off I380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility in a thriving business park setting. The area is home to a diverse mix of corporate offices, financial institutions, and professional service firms, with nearby amenities including restaurants, hotels, and retail centers serving the robust NE Cedar Rapids business district.

A high-quality, fully leased office investment occupied by two well-established tenants: Advancement Resources, a global leader in professional development and philanthropic strategy, and the National Systems Contractors Association (NSCA), the nation's premier association representing the commercial integration industry. Both tenants are secured under triple net (NNN) lease structures, minimizing landlord responsibilities and providing stable, predictable income. The current offering provides investors with a 7.88% capitalization rate, making this an attractive opportunity for those seeking strong cash flow in a mature professional office corridor. With its strong tenant roster, low-maintenance lease structure, and prime location, 3950 River Ridge Dr NE is an exceptional addition to any commercial real estate investment portfolio.

Investment highlights

  • Fully leased office investment opportunity

  • 7.88% cap rate

  • Strong tenant roster

  • Price well below replacement cost

Listing Contacts

MG
IA S66802000
GLD Commercial Real Estate Advisors
AG
IA B43857000
GLD Commercial Real Estate Advisors
Listed by GLD Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,085.00
$10,340.42/mo

Valuation Metrics

0
DSCR
7.88%
Cap Rate
7.88%
ROI

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Additional Information

Name
Michael Gibbs
License
S66802000
Brokerage Phone
5635428574
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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