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    2761 Oakdale , 1-2

    Coralville, IA 52241
    • $711,000
    • STATUS: Active
    • ON SITE: 191 days
    • MLS #: 202100386
    UPDATED: 28 min ago
    $711,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,951
      SQFT
    • $180
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Description

    Net Leased Investment Property - Building is being further subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return (see attached doc). Rapidly growing area near research campus and new rehab hospitals make this a smart buy.

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    © 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2021-07-25T14:25:33.147
    www.lepicelite.com/homes/113282533
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    2761 Oakdale , 1-2 Coralville, IA 52241

    • Price: $711,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 202100386
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,951
    SQFT
    $180
    $/SQFT
    2006
    Built
    Neighborhood:
    Coralville
    County:
    Johnson
    Area:
    Coralville
    Property Description
    Net Leased Investment Property - Building is being further subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return (see attached doc). Rapidly growing area near research campus and new rehab hospitals make this a smart buy.
    Exterior Features

    Additional Square Feet 2000-5000 SqftUnder 2000 Sqft Construct Cm BrickFrameOtherPrecast Stone Road Frontage County/City RoadState Highway Roof Type Composition

    Interior Features

    Cooling Central A/CZoned Elevators No Floor Type CarpetConcrete Slab/Grade Heating Forced AirGas

    Property Features

    Business EducationalMedical DentalOffice BuildingOtherReligiousRetail Store Ci Features Other Gross Taxcounty And City 5.93 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Business ParkOffice Center Lot Dimensions Condo Ownership Type Office Possible Financing Other Sale Lease For Sale Special Features None Type Of Lease Nnn Utilities Available Cable TvElectricityNatural GasSee Other RemarksSewerTelephoneWater-City Zoning Cpud-2

    Listing information © 2021 Iowa City Area Association of Realtors.
    Listing provided courtesy of David Biancuzzo of Coldwell Banker Real Estate Professionals.



    © 2021 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2021-07-25T14:25:33.147
     
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    Lepic Elite Home Team | Lepic-Kroeger, Realtors
    2346 Mormon Trek Blvd
    Iowa City IA, 52246