Remarks

Class A office buildings for investors or users. There are two buildings with a total of 5 floors. Each floor has 12,500 usable/rentable feet and 4 are vacant. Owner users would have up to 50,000 feet of built out office space to move into. The other floor is leased to Integrated DNA Technologies. Both buildings priced at $4,500,000, that's only $72 per square foot. If all of the vacant space is leased to one user the discounted rate is $8.00 NNN with passthroughs at $5.57 psf. Lease rate per floor otherwise is $12 / NNN. Buildings on a land lease paid through 2/28/2044 with the University of Iowa.

Details

MLS#: 202400054
Price: $4,500,000

Style: Commercial
Year Built: 2001

County: Johnson
Lot Size: 526x613x571x316
Tax Fee: 262278