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.

Listing ID #202401013

Commercial For Sale

1100 5th St, Unit Unit 1, Coralville, Iowa 52241

Square Feet0
Construction Year1998
Lot Size0 Acre
Country : US
State : IA
County : Johnson
City : Coralville
Zipcode : 52241
Status CategoryActive
Agent info
Jeff Edberg
Lepic-Kroeger, REALTORS
Mortgage Calculator
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0 Sqft
Call Agent Only
From 2nd St (Coralville Strip) north on 12th Ave, located in the City Center Square, enter from 2nd St by New Pi or 12th Ave by GreenState.
Additional Details
0 Acre
Central A/c
Forced Air Gas
2024-02-22 16:10:13

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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