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
W92° 18' 44.9''
N42° 2' 5.9''
On Blairs Ferry Rd between Council St and Rockwell Dr NE
NE Quadrant
NE
SMC
MLS Addon
GLD COMMERCIAL
Adam Gibbs
$0
$0
$0
$0
$0
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
$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
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
- Sales Team
- View website
- 3194239515
-
sales@twenty40concepts.com
Contact Agent