Commercial For Sale
0 Sqft - 1140 Blairs Ferry Rd NE, Cedar Rapids, Iowa 52402
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Description

Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE – nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.

Property Description

Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE – nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.

Basic Details
Property Type:
Commercial
Listing Type:
For Sale
Listing ID:
202304179
Price:
$2,362,335
Beds:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
0 Sqft
Construction Year:
1993
Lot Size:
1.12 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52402
Status Category:
Active
Area:
Out Of Area
Features
Heating Fuel:
Central, Gas
Cooling System:
Central A/c
Roof:
Other
Internet:
Yes
Elevators:
Yes
Possible Finance:
Cash, Other
Possession:
At Closing
Showing Instructions:
Appt Office
Address Map
Street:
1140 Blairs Ferry Rd NE
Floor Number:
0
Longitude:
W92° 20' 46.9''
Latitude:
N42° 2' 8.1''
More Information
Office Name:
GLD Commercial Real Estate Advisors
Sales Term:
Conventional
Ownership Type:
Retail
Update Date:
06-28-2024 17:00:38
Directions:
On Blairs Ferry Rd between Council St and Rockwell Dr NE
Zoning:
Sub Mixed Use Comm Ctr
Lot Dimensions:
0
LA1Agent Logon Name:
i2524
LA1Agent First Name:
Adam
LA1Agent Last Name:
Gibbs
LO1Main Office ID:
291
PriceChangeTimestamp:
10-05-2023
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Adam Gibbs
GLD Commercial Real Estate Advisors
Additional Details
Central A/c
Cash, Other
At Closing
Appt Office
08/03/2023
On Blairs Ferry Rd between Council St and Rockwell Dr NE
Urban Acres Real Estate