Listed by Skogman Commercial Group Cedar Rapids
$1,861,000
6430 4th St SW
Details
Property Type Industrial, Office
Sub Type Manufacturing, Traditional Office
Square Footage 16,920
Net Rentable (SqFt) 16,920
Units 1
Cap Rate 7.40%
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Expiration 12/31/2027
Remaining Term 1.6
Lease Options One 3-year option
Year Built 2004
Buildings 1
Stories 1
Lot Size (SqFt) 63,598
Zoning Light Industrial
Parking Spaces spaces
Investment Type Net Lease
Ceiling Height 7-10', 15-20' respectively
Loading Docks 1
Dock High Doors 1
Industrial | 7.40% CAP | 16,920 SqFt
Marketing description
Single Tenant Net Leased Property (STNL). This 16,920 SF net-leased property is leased until 12/31/2027. The tenant has an option to extend the lease until 2030. Current base rent is $137,280/yr and has a 4% annual base rent escalation. The entire building is conditioned with heat and AC. Sidewalls are 20' and 21' clear span steel construction. Standing seam steel roof. The property has one 10' semi-loading dock door and one 14' overhead door. The property has 22 off-street parking spaces. This is an exceptionally well maintained office warehouse location in the industrial neighborhood south of Highway 30 and west of I-380.
Listing Contacts
Listed by Skogman Commercial Group Cedar Rapids
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