$332,500
$370,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
13,073 SqFt
SOLD DATE : 06/23/2023
Key Details
Sold Price $332,500
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 13,073 sqft
Price per Sqft $25
MLS Listing ID 2207576
Sold Date 06/23/23
HOA Y/N No
Total Fin. Sqft 13073
Year Built 1971
Annual Tax Amount $4,236
Lot Size 0.870 Acres
Acres 0.87
Property Sub-Type Investment
Property Description
Investment opportunity with this fully leased warehouse facility. Property is Net Leased; the current tenant, McDonald Supply, is a wholly owned subsidiary of HAJOCA Corp. Annual Rent = $33,000. Landlord has responsibility for insurance on the building ($2,506 annually). Net Net CAP rate is 8.2%. 13,073 SF warehouse built 1970, 1980, with office, loading dock and 14' overhead door. 88 linear foot security fence installed 2010. Contact Listing Agent with questions. Leasing info available with signed Confidentiality Agreement.
Location
State IA
County Des Moines
Area Ot-E (East Of I-380)
Zoning I-2
Interior
Interior Features Storage
Heating Gas
Flooring Concrete
Fireplace No
Exterior
Parking Features Off Street
Fence Fenced
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Public
Roof Type Metal
Building
Building Description Frame, Loading Dock,Overhead Doors,Private Restrooms,Single-Tenant
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Tax ID 1036376015
Acceptable Financing Cash
Listing Terms Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Cedar Rapids Area Association of REALTORS