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I-380 To 33rd Ave W To 10th St SW

3350 10th St SW, Cedar Rapids, Iowa

Sold: 8/1/2017
Sold Price: $3,975,000
$4,295,000
Acres: 4.63
MLS # 1703326
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Property Information
MLS# 1703326
County Linn
Year Built 1994
Property Description
High quality tilt up concrete construction with 24’ sidewalls, docks, overhead and small office just a few blocks off I-380 at the 33rd Avenue exit. Currently leased with an annual NOI of $364,500 at an under market rate with lease expiration pending spring 2018. Tenant has no options to renew at current rate. Property sits on 4.63 acres. Ideal property for an owner occupant or an investor wanting to negotiate an extension with the current tenant at a fair market rate. Currently certified as a USTA food grade warehouse.
size & lot
Lot Size 4.63 Acre
Acres 4.63
Structure
Tax & Terms Information
Gross Taxes $91,984
Lease Information
Utilities
Heat CNTAIR,CNTRLHT,GASHEAT
Water CTYSWR,CTYWTR
Tenant-Owner Information
Listing courtesy of Tiffany Earl Williams, Skogman Realty Commercial
Data courtesy of Cedar Rapids Area Association of Realtors MLS

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