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723, 725, 720,710, 6 Pacha Parkway

North Liberty, IA 51317
  • $11,900,000
  • STATUS: Active
  • ON SITE: 125 Days
  • MLS #: 2200274
UPDATED: 65 min ago
$11,900,000
  • 0
    BEDS
  • 10.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 59,902
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Description

Penn Landing is for sale. For the Qualified Buyer, there is additional information available. Long term tenant leases in place. The commercial complex has two condominium regimes in place. There are 6 separate Buildings, 35 Condo Suites, Parcel Numbers are 0612156005-56041. Operating Expense Ratio is under 31% and Cap rate is at 6% Cash on Cash is 6%. Property Taxes are $249,980.(based on 2021 evaluations) CAM is currently at $95,628.00. Years built range from 2007-2014. Lease type: NNN. The building is on Main and Main in North Liberty, an established neighborhood with many business' in place. Many rooftops near by with several schools at all grade levels and activities. The current market place offers over 30 new business and over 200 new homes. Call Peggy Slaughter for showing schedule. At lease a 48 hours notice to coordinate tenants.

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© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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: 2022-05-24T09:42:46.35.
www.lepicelite.com/homes/124838043
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723, 725, 720,710, 6 Pacha Parkway North Liberty, IA 51317

  • Price: $11,900,000
  • Status: Active
  • On Site: 125 Days
  • Updated: 65 min ago
  • MLS #: 2200274
0
Beds
0
Baths
0
½ Baths
10.86
Acres
59,902
SQFT
$199
$/SQFT
Neighborhood:
Corridor Area
County:
Johnson
Area:
Corridor Area
Property Description
Penn Landing is for sale. For the Qualified Buyer, there is additional information available. Long term tenant leases in place. The commercial complex has two condominium regimes in place. There are 6 separate Buildings, 35 Condo Suites, Parcel Numbers are 0612156005-56041. Operating Expense Ratio is under 31% and Cap rate is at 6% Cash on Cash is 6%. Property Taxes are $249,980.(based on 2021 evaluations) CAM is currently at $95,628.00. Years built range from 2007-2014. Lease type: NNN. The building is on Main and Main in North Liberty, an established neighborhood with many business' in place. Many rooftops near by with several schools at all grade levels and activities. The current market place offers over 30 new business and over 200 new homes. Call Peggy Slaughter for showing schedule. At lease a 48 hours notice to coordinate tenants.
Exterior Features

Exterior Features Sprinkler/Irrigation

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Concrete Heating Forced AirGas Heating YN Yes

Property Features

Lease Considered YN No Property Sub Type Business Sewer Public Sewer Tax Annual Amount 249890 Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Comm

Listing information © 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Michael Bails of Urban Acres Real Estate Corridor.
© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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: 2022-05-24T09:42:46.35.
 
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