Listed by Kwekel Companies
$13,500,000
Pharmacists Mutual
Details
APN 1834400009 | 1834400011 1835351001 | 1835351005
Property Type Office
Sub Type Traditional Office
Square Footage 67,629
Cap Rate 8.00%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Price per SqFt $200
Class B
Year Built 1971
Year Renovated 2019
Buildings 1
Acreage 14.000
Investment Type Sale/Leaseback
Ownership Owner Occupied
Sale Condition Sale for leaseback
Office Sale Leaseback | Algona, IA | 15 Year Term | 8.0% Cap | Absolute NNN
Marketing description
Kwekel Companies is pleased to offer the sale leaseback of Pharmacists Mutual’s 67,629 square foot office building located on a 14 acre site. Pharmacists Mutual will execute a new 15 year absolute NNN lease at closing.
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Listed by Kwekel Companies
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Zoning
HSB CommercialSpecial CommercialHighway Service Business District
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View all 14 uses Last updated Mar 10, 2026 For deeper zoning details, reports are available at Zoneomics
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