1100 5th St Unit 125, 205 & 210

Coralville, IA, 52241

$3,200,000

$252 per ft²
$3,200,000
$252 per ft²
Active
Active
 - For Sale
carpenters-square
12,670 ft²
property_type
Commercial
calendar
Built 1998
Fully leased medical office space offered as a leased investment property. The three tenants are Epiphany Dermatology, Dr. Andrews plastic surgery and Corridor Surgery Center. There is also a private office suite with complete kitchen that could be leased or used as a private office by the buyer. Annual net income is $199,019, CAM recovery is $80,201 and expenses are $94,235 giving a capitalization rate of 5.4%. All tenants have built out their own suites and are well invested in the property and are thriving. They are unlikely to move on lease turn over.
MLS® ID:
202204318
Listed:
7/24/22
Updated:
9/28/22
Lepic-Kroeger, REALTORS®
Adam Pretorius

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Gas, Forced Air

Exterior/Building Features

Lot Size
0.55 acres lot
Roof
Composition

Other Property Details

Area Name
Coralville
Garage
No
Parking
N
View
N
County
Johnson
Utilities
Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Pool
No
Zoning
CPUD-2

Courtesy of Lepic-Kroeger, REALTORS

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Adam Pretorius shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 Iowa City Area Association of REALTORS (ICAAR). All rights reserved.

Lepic-Kroeger, REALTORS®
Adam Pretorius
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