Property Description

Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE – nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.

Features
: Central
: Central Air
: Sprinkler/Irrigation
: Concrete
: Public Sewer
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
Blairs Ferry
1140
Road
On Blairs Ferry Rd between Council St and Rockwell Dr NE
NE Quadrant
NE
SMC
MLS Addon
GLD COMMERCIAL
Adam Gibbs
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Additional Information
: Frame, Block, Concrete
: One
1.12 Ac
2023-03-31
2250000
1
1
https://www.propertypanorama.com/instaview/cdr/2305139
: Public
Financial
39864.0
Listing Information
gibbsadam121
CGLDC
Cash, Other
Active
2024-12-27T19:08:21Z
CDR
2023-08-03T14:33:25Z

1140 Blairs Ferry Road Ne, Cedar Rapids, Iowa 52402 - Commercial Sale For Sale

1140 Blairs Ferry Road Ne, Cedar Rapids, Iowa 52402

7,801 Sqft
$2,362,335
Listing ID #2305139
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2305139
Price : $2,362,335
Square Footage : 7,801 Sqft
Year Built : 1993
Lot Area : 1.12 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Retail
Roof : Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent