Listed by GLD Commercial Real Estate Advisors
$2,495,000
213 4th Avenue SE
Details
APN 14281-33003-00000
Property Type Office
Sub Type Traditional Office
Square Footage 25,110
Cap Rate 9.96%
Occupancy 100%
Price per SqFt $99
Year Built 1900
Buildings 1
Stories 3
Acreage 0.190
Zoning Urban Downtown Core
Sale Condition For sale by owner
Office | 9.96% CAP | 25,110 SqFt
Marketing description
Investor or owner-occupant opportunity at the Historical Lattner building. *Opportunity Zone* Direct skywalk and parking ramp access for easy parking. This is A fully leased investment opportunity in downtown cedar Rapids with a going-in cap rate of 9.96%. Remaining lease Term has annual rental increases in place. This property could Also be available for an owner/occupant for the entire building, Or a portion of the building (contact listing agent for more Details). The property has been well-maintained with recent Updates, including newer roof top units, upgraded 1st floor Zone system, key card access, security door and cameras, Basement dehumidifiers.
Investment highlights
- Fully leased
- Downtown office building
- Adjacent to a city parking ramp
- Connected to skywalk system
Listing Contacts
Listed by GLD Commercial Real Estate Advisors
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