1100 5th St
Coralville,
IA
52241
Property Details
| List Price: |
$2,200,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Lepic-Kroeger, REALTORS |
| Agency Phone: |
(319) 351-8811 |
Description/Comments
| Lot Size: |
0 sqft |
| Property Type: |
Commercial Sale-Other |
| Year Built: |
1998 |
| Notes: |
This is a fully leased medical office building that was first leased on April 1, 2018. There is a total of 7,736 leased space on the first and second floors configured as reception, office, and medical procedure areas. There is an additional 1,455 square feet in the lower level that is configured for storage and break room for employees. The entire suite was improved by the tenant without any amortization of TIs in the lease, so the Tenant has a large investment in the space. The finishes are high end and in excellent condition. This property is part of an office condo (HPR-Horizontal Property Regime) that has recently been divided and resurveyed. The divided portion was sold to an investor and the resurvey resulted in 7823 upper-level feet and 1801 basement feet. The lease precedes the HPR, so it is the ruling document with regard to leasable and usable square feet. See full comments in Assoc Docs. |
| MlsNumber: |
-- |
| ListingId: |
202404940 |
Estimate Your Monthly Payment
| Listing Provided By: |
Lepic-Kroeger, REALTORS, original listing |
| Phone: |
(319) 331-6187 |
| Office Phone: |
(319) 351-8811 |
| Agent Name: |
Jeff Edberg |
| Disclaimer: |
Copyright © 2024 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
