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Land

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Hwy 30 To 6th Street South

6738 6th St SW, Cedar Rapids, Iowa

$1,125,000
Acres: 1.58
MLS # 1710068
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Property Information
MLS# 1710068
County Linn
Year Built 1973
Property Description
Sale Leaseback Opportunity: Alpha International, Inc is offering a fifteen (15) years Sale Leaseback on its 24,740 square foot office and warehouse property in Cedar Rapids, Iowa. The property was recently appraised at $1,125,000 and the fifteen (15) year Sale Leaseback will be based on a 7.5% cap rate with annual rent of $84,375, paid monthly. The lease will have four (4), five (5) year renewal options with a 7.5% rental increase per extension. Alpha International, Inc is the owner of The Original Big Wheel, Crocodile Mile, Empire Toys, TOOTSIETOY, Timeless Bubbles, American West, Classic Thoroughbreds, Weird-ohs, Silly Surfers, Tim Mee Toys, Frantics, Libby Lee, Berkshire House, Suzy Homemaker, Signature Kids, Keystone, Hard Body, Grand Champions, Strombecker, Marchon and Gearbox Toys and Collectibles.
size & lot
Lot Size 68825
Acres 1.58
Structure
Tax & Terms Information
Gross Taxes $19,057
Net Taxes $19,057
Lease Information
Utilities
Heat CNTAIR,CNTRLHT
Water CTYSWR,CTYWTR
Tenant-Owner Information

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