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 NNN will be update when numbers become available.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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0BEDS
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10.86ACRES
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0BATHS
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01/2 BATHS
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59,902SQFT
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$199$/SQFT
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 NNN will be update when numbers become available.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.