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Listing ID: 202204318
Price: $3,200,000
Status: Active
Address: 1100 5th St 125, 205 & 210
Unit Number: 125, 205 & 210
City: Coralville
State: Iowa
Postal Code: 52241
SqFt: 12,670
Acres: 0.550
County: Johnson
Coralville
IA
52241
Fully leased medical office space offered as a leased investment property. The three tenants are Epiphany Dermatology, Dr. Andrews plastic surgery and Corridor Surgery Center. There is also a private office suite with complete kitchen that could be leased or used as a private office by the buyer. Annual net income is $199,019, CAM recovery is $80,201 and expenses are $94,235 giving a capitalization rate of 5.4%. All tenants have built out their own suites and are well invested in the property and are thriving. They are unlikely to move on lease turn over.

Basic Features

Listing Price: $3,200,000
Address: 1100 5th St 125, 205 & 210
Unit Number: 125, 205 & 210
City: Coralville
State: Iowa
Postal Code: 52241
County: Johnson
Zoning: CPUD-2
Area: Coralville
Year Built: 1998
Location: Office Center, Shopping Center
Business: Medical Dental
Square Feet: 10, 000-20, 000 SqFt
Acres: 0.550
Lot Size: .5-1 Acre
Sale/Lease: For Sale
Rent/Lease: neither
Type of Lease: N/A
Rent/Lease Price: $3,200,000
Days on Market: 7
Status: Active
Documents: Aerial Photo, Floor Plan Avail, Cash Flow Analysis, Demographic Study
Possession: Negotiable
Possible Financing: Cash

Additional Features

Associated Document Count: 1
CI Features: Display Window, Other
Construction Company: Brick, Frame
Utilities Available: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Cooling: Central A/C
Heating: Gas, Forced Air
Floor Type: Carpet, Ceramic Tile, Wood
Gross Tax (County & City): 52646
Lot Dimensions: Irregular
Property Sub Type: Commercial
Roof Type: Composition
Special Features: Other
Tax ID: 1006482001
Tax Year Report: 2020
Variable Rate: no
Road Frontage: County/City Road, Pavement

Zoning Info


© 2022 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Jeff Edberg of Lepic-Kroeger, REALTORS

Contact - Listing ID 202204318

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Jeff Edberg

2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187

Data services provided by IDX Broker

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