This offering is for two, 2-story buildings at Beaver Kreek in North Liberty at Zeller & Dubuque. One building (345 Beaver Kreek) has eight, 2 Br-1Ba apartments on the second level & one commercial tenant on the 6,500-foot first floor. The same tenant, a biological research facility, occupies both floors in the second building (335 Beaver Kreek) totaling 13,000 SF. They are fully leased & currently bring in $315,510 plus $79,284 in NNN charges per year. After expenses of 35.4% the NOI is $254,842 yielding an 8.1% CAP rate. The Commercial tenant, Element, is a secure research facility so all showings require a 48 hour notice and all guests will have to show picture ID & be issued a guest badge for the escorted showing. Each building is 13,000 SF. The proforma, leasing information and floor plans are in the associated documents for your review.
Commercial For Sale
335 Beaver Kreek Centre , Unit and 345
North Liberty, Iowa 52317
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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