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27189760
27189761

600 3rd Avenue SE, Cedar Rapids, IA 52401

JS
IA IA B57696000
WSG CRE
TE
IA IA s41864000
WSG CRE
GG
IA S68655000
WSG CRE
Listed by WSG CRE
$3,850,000
216 days on market
Updated 2 days ago
Opportunity zone

600 3rd Ave SE

Details
APN 142148100700000
Property Type Office
Sub Type Executive Office, Professional Office
Square Footage 42,837
Units 6
Occupancy 35%
Tenancy Multi
Lease Type Net
Rent Bumps Yes
Lease Options One 5 year
Class A
Year Built 2012
Buildings 1
Stories 3
Zoning Urban General Flex (U-DG, U-NG)
Tenant Credit Credit Rated

Office | 42,837 SqFt

Marketing description

Built in 2012, this Class-A, three-story multi-tenant office building is located in downtown Cedar Rapids with direct I-380 access near the Medical District, shopping, dining, and entertainment. Constructed with masonry/concrete exterior, wood/steel structure, and quality finishes including commercial carpet, painted sheetrock, and granite lobby flooring. Current tenants are Morgan Stanley and Clifton Larson Allen LLP.

Investment highlights

  • 57 surface spaces including handicapped spots, city street parking agreement, and access to an adjacent garage with 74 rentable spaces.

  • EPDM roof installed in 2012 with warranty in place through September 2032.

  • Wet fire system with updated cellular dialers in 2023, along with alarms, exits, and extinguishers throughout.

  • Granite flooring in the lobby, commercial-grade carpet, painted sheetrock walls, and acoustical tile ceilings.

  • Camera surveillance with card-access entry system.

  • Commercial fluorescent lighting with recessed incandescent fixtures in select areas.

  • Water and sewer provided by Cedar Rapids Water, gas by MidAmerican Energy, and electric by Alliant Energy.

  • One Schumacher traction passenger elevator and two stairwells at opposite ends of the building.

  • Tenant signage located on the north and northwest corners of the building.

Listing Contacts

JS
IA IA B57696000
WSG CRE
TE
IA IA s41864000
WSG CRE
GG
IA S68655000
WSG CRE
Listed by WSG CRE

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Additional Information

Name
Josh Seamans
License
IA B57696000
Brokerage
WSG CRE
Brokerage Phone
319-675-1694
Title
Managing Partner / Owner
Brokerage Address
417 1st Avenue Southeast
Name
Tiffany Earl Williams
License
IA s41864000
Brokerage
WSG CRE
Brokerage Phone
319-675-1694
Title
Managing Partner / Owner
Name
Gabe Golberg
License
S68655000
Brokerage
WSG CRE
Brokerage Phone
319-675-1694
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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