Shive-Hattery | 2839 Northgate Dr, Iowa City, | 2839 Northgate Dr
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Shive-Hattery | 2839 Northgate Dr, Iowa City, 2839 Northgate Dr
26,093 SF Office Building Iowa City, IA 52245 $4,500,000 ($172/SF) 9.85% Cap Rate
Executive Summary
Cushman & Wakefield Iowa Commercial Advisors is pleased to exclusively offer the rare opportunity to own a prestigious, Class A office property located at 2839 Northgate Drive in Iowa City, IA, tenanted by Iowa’s own renowned Shive-Hattery. This 26,093 square-foot asset boasts a long-standing and stable tenant history with Shive-Hattery, who recently renewed their lease for an additional 3 years, showcasing their commitment to the location.
KEY PROPERTY HIGHLIGHTS:
• Tenant: Shive-Hattery, Iowa’s premier architecture and engineering firm with deep community roots
• Building Class: Class A, meticulously designed with top-tier finishes by the tenant, ensuring an immaculate presentation
• Size: 26,093 square feet, with flexibility to expand the building footprint
• Amenities: Grand entryway, luxurious conference rooms, and a spacious, modern break room that create a professional and welcoming environment.
• Generous parking accommodations to support both tenant and client needs. Additionally, the building has a rear loading dock providing functional accessibility for operations
• Brand new roof in 2024
• Parking Spaces: 161 Spaces | Parking Ratio: 17/1,000 SF
KEY PROPERTY HIGHLIGHTS:
• Tenant: Shive-Hattery, Iowa’s premier architecture and engineering firm with deep community roots
• Building Class: Class A, meticulously designed with top-tier finishes by the tenant, ensuring an immaculate presentation
• Size: 26,093 square feet, with flexibility to expand the building footprint
• Amenities: Grand entryway, luxurious conference rooms, and a spacious, modern break room that create a professional and welcoming environment.
• Generous parking accommodations to support both tenant and client needs. Additionally, the building has a rear loading dock providing functional accessibility for operations
• Brand new roof in 2024
• Parking Spaces: 161 Spaces | Parking Ratio: 17/1,000 SF
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
26,093 SF
Building Class
A
Year Built/Renovated
1999/2024
Price
$4,500,000
Price Per SF
$172
Cap Rate
9.85%
NOI
$443,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
26,093 SF
Building FAR
0.16
Land Acres
3.83 AC
Zoning
C - Commercial
Parking
161 Spaces (6.17 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Shive-Hattery
- Professional, Scientific, and Technical Services
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Shive-Hattery | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 0736451008 | Improvements Assessment | $3,300,970 |
| Land Assessment | $871,600 | Total Assessment | $4,172,570 |
PROPERTY TAXES
Parcel Number
0736451008
Land Assessment
$871,600
Improvements Assessment
$3,300,970
Total Assessment
$4,172,570
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Shive-Hattery | 2839 Northgate Dr, Iowa City, | 2839 Northgate Dr
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