Property History
Property Type
Property Type
Property Subtype
Investment Highlights
- $362K in Capital Improvements: Ownership completed substantial upgrades in 2024, including new roofs on all four buildings, and parking lot repairs, sealing, and restriping. These improvements enhance long-term durability and reduce near-term capital expenditure risk for investors.
- Long Operating History and Tenant Stickiness: The tenant roster carries a weighted average operating history of 17.6+ years and are service-based groups that rely on accessibility, further enhancing long-term commitment to the site.
- Attractive In-Place Income with Built-In Growth: The asset generates $295,939 in NOI at a 11.84% cap rate, with annual rent increases and automatic renewal options supporting predictable, growing cash flow.
- Value Add Through Lease-Up: Currently 85.6% occupied, the property offers a clear path to NOI growth, supported by strong regional demand for affordable medical and office space.
- Essential Service Tenant Base: Anchored by long-standing medical, behavioral health, and government service providers, the property benefits from recession-resistant income and limited rollover risk.
- Proximity to Major Healthcare and Employment Drivers: The site benefits from immediate access to major Quad Cities demand generators, including nearby hospitals, major employers, and regional workforce hubs, enhancing tenant stability and long-term leasing demand.
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
O2 CommercialOfficeLarge Office
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View all 33 uses
View all 33 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Listing removed on
BY:
Remi Bogdanovich PRO
•••.•••.3158
••••.•••••••vich@••••••••.com
Listing removed on
BY:
Kyle Mackulak PRO
•••.•••.5835
••••.••••ulak@••••••••.com
Listing removed on
BY:
Michael Moreno PRO
•••.•••.4497
•••••••.••reno@••••••••.com
Listing removed on
BY:
Rahul Chhajed PRO
•••.•••.1106
•••••.•••ajed@••••••••.com
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