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851 Highway 6

19,796 SF Sports & Entertainment Building Offered at $2,400,000 at a 7.97% Cap Rate in Iowa City, IA 52240

Sports & Entertainment Properties Iowa Iowa City 851 Highway 6, Iowa City, IA 52240

Investment Highlights

  • 22,496 SF condo within a 96,081 SF building
  • Close proximity to the University of Iowa
  • New HVAC, electrical, and plumbing in 2018
  • Located on busy Highway 6
  • Built in 1969 and fully remodeled in 2018
  • Abundant parking, signage, and easily accessible

Executive Summary

Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers:
Cushman & Wakefield Iowa Commercial Advisors is the exclusive advisor for the sale of 851 Hwy 6 East, Iowa City, Iowa. This net-lease offering includes a recently updated single-story retail property. The property is part of a condominium association and is leased to DEFY Extreme Air Sports Trampoline Park.
*Due Diligence documents available through link on Offering Memorandum.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Price $2,400,000 Property Type Sports & Entertainment
Price Per SF $121 Building Size 19,796 SF
Sale Type Investment No. Stories 1
Cap Rate 7.97% Year Built/Renovated 1969/2018
Price $2,400,000
Price Per SF $121
Sale Type Investment
Cap Rate 7.97%
Property Type Sports & Entertainment
Building Size 19,796 SF
No. Stories 1
Year Built/Renovated 1969/2018
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Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1022110002
  • 1022110001
  • 1022110003
 Improvements Assessment $3,086,070
Land Assessment $328,210 Total Assessment $6,772,700

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1022110002
  • 1022110001
  • 1022110003
Land Assessment
$328,210
Improvements Assessment
$3,086,070
Total Assessment
$6,772,700
(319) 229-1003

Contacts

  • Listing ID: 25394891

  • Date on Market: 4/4/2022

  • Last Updated:

  • Address: 851 Highway 6, Iowa City, IA 52240

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851 Highway 6
(319) 229-1003 x

851 Highway 6

1/2

Josh Seamans

(319) 229-1003

(319) 229-1003

Gabe Golberg

(319) 229-1003

(319) 229-1003

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