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 faade 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. 7.5% CAP rate. Current NOI: $175,972; 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.
Property Highlights
Property Type: Commercial - Retail
Year Built: 1993
Lot Size: 1.12 acres
General Information
County: Linn
Listed By:
GLD Commercial Real Estate Advisors
Adam Gibbs
319-731-3410
ICAAR MLS
MLS ID: 202304179
Shown By
Agent Name: Josh Cummings
Agent Phone: (563) 343-9627
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Josh Cummings
Agent Phone: (563) 343-9627
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
1140 Blairs Ferry Rd Ne, Cedar Rapids, IA 52402.
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563-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,362,335 | $2,362,335 | $2,362,335 |
| Down Payment | $82,682 | $0 | $472,467 |
| Monthly Mortgage Amount | $15,238 | $15,651 | $12,732 |
| Taxes | $3288 | $3288 | $3288 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,418 | $0 | $0 |
| Monthly Estimated Total | $20,633 | $19,628 | $16,709 |