1275 W Highway 1
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1275 W Highway 1
12,517 SF 100% Leased Retail Building Iowa City, IA 52240 $2,950,000 ($236/SF) 7.24% Cap Rate
Executive Summary
Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers:
?Retail investment property located along busy Highway 1 in Iowa City, IA
?New construction, completed in 2017
?Close proximity to the University of Iowa
?Abundant parking and accessible via signalized intersection
?Tremendous visibility and signage opportunities
3,867 SF currently vacant.? Pricing includes a Seller leaseback of $10.00 PSF for 2 years, to be paid at closing
*See OM for access to Due Diligence Documents
?Retail investment property located along busy Highway 1 in Iowa City, IA
?New construction, completed in 2017
?Close proximity to the University of Iowa
?Abundant parking and accessible via signalized intersection
?Tremendous visibility and signage opportunities
3,867 SF currently vacant.? Pricing includes a Seller leaseback of $10.00 PSF for 2 years, to be paid at closing
*See OM for access to Due Diligence Documents
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Retail
Building Size
12,517 SF
Building Class
B
Year Built
2017
Price
$2,950,000
Price Per SF
$236
Cap Rate
7.24%
NOI
$213,548
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
2.32 AC
Zoning
Cl-1 - Commercial
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,500-3,867 SF
- Retail
- End Cap
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500-3,867 SF | Retail | End Cap | 30 Days |
1st Floor
| Size |
| 1,500-3,867 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1016365001 | Improvements Assessment | $1,660,010 |
| Land Assessment | $681,000 | Total Assessment | $2,341,010 |
PROPERTY TAXES
Parcel Number
1016365001
Land Assessment
$681,000
Improvements Assessment
$1,660,010
Total Assessment
$2,341,010
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1275 W Highway 1
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