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8710 Earhart Lane SW

Cedar Rapids, IA 52404
  • $9,985,000
  • STATUS: Active
  • ON SITE: 141 Days
  • MLS #: 2206002
UPDATED: 59 min ago
$9,985,000
  • 0
    BEDS
  • 4.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 42,202
    SQFT
  • $237
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2000
County:
Area:

School Ratings & Info

Description

Prime opportunity to purchase 100% leased, Class A investment property in the Airport-Corridor region. The building is a modern office with a stately presence on I-380 immediately off the Eastern Iowa Airport-Wright Brothers Exit. The tenants are all professional office users who benefit from proximity to the Airport, Iowa City-North Liberty-Coralville employment base to the south as well as new residential projects planned immediately in the area that are situated in the Prairie School District. The area has recently announced or opened new facilities for BAE Systems, SubZero and FedEx. The NOI is currently $680,929.65 with future lease escalations. Under market rent presents an opportunity for future upside.

Monthly Payment Calculator

© 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 Graf Real Estate ERA Powered. Data last updated: 2022-11-30T15:42:38.277.
www.cedarrapidsareahomes.com/homes/130767514
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8710 Earhart Lane SW Cedar Rapids, IA 52404

  • Price: $9,985,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 59 min ago
  • MLS #: 2206002
0
Beds
0
Baths
0
½ Baths
4.34
Acres
42,202
SQFT
$237
$/SQFT
2000
Built
Neighborhood:
SW Quadrant
County:
Linn
Area:
SW Quadrant
Property Description
Prime opportunity to purchase 100% leased, Class A investment property in the Airport-Corridor region. The building is a modern office with a stately presence on I-380 immediately off the Eastern Iowa Airport-Wright Brothers Exit. The tenants are all professional office users who benefit from proximity to the Airport, Iowa City-North Liberty-Coralville employment base to the south as well as new residential projects planned immediately in the area that are situated in the Prairie School District. The area has recently announced or opened new facilities for BAE Systems, SubZero and FedEx. The NOI is currently $680,929.65 with future lease escalations. Under market rent presents an opportunity for future upside.
Exterior Features

Construction Materials BlockConcreteSee Remarks Exterior Features Sprinkler/Irrigation Levels Two Parking Features Off Street Roof Membrane Stories Total 2

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Carpet Heating CentralGas Heating YN Yes

Property Features

Electric 220 Volts Lease Considered YN No Property Sub Type Investment Security Features Security System Sewer Public Sewer Tax Annual Amount 177357 Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description S-Mc

Listing information © 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Tiffany Earl Williams of Skogman Realty Commercial: 319-363-8286.
© 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 Graf Real Estate ERA Powered. Data last updated: 2022-11-30T15:42:38.277.
 
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