1065-1067 N Center Point Rd - Office FOR SALE


Hiawatha, IA 52233
$1,495,000 USD
319-675-1694
1065-1067 N Center Point Rd, Hiawatha, IA for Sale
$1,495,000 USD
Office - FOR SALE
1/8
null | 7.52% Cap Rate

1065-1067 N Center Point Rd
Hiawatha, IA 52233


HIGHLIGHTS

  • NNN leases
  • Proximity to I-380
  • Brick construction

OVERVIEW

Outstanding investment opportunity at 1065-1067 N Center Point Road, Hiawatha, IA. This 9,045 SF multi-tenant building is 100% occupied by high-quality tenants on NNN leases with annual rent escalations, delivering secure, predictable cash flow with NOI of $112,476 — a 7.5% cap rate at the offering price of $1,495,000. The modern, masonry building has been fully remodeled in recent years and is very well maintained. It offers great access to I-380, ideally positioned near the intersection of North Center Point Road and Boyson Road. This asset combines strong tenancy, prime location, and long-term stability — an excellent addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

7.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C-3

APN/PARCEL ID

11321-26011-00000

ASK ABOUT THIS PROPERTY

319-675-1694

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319-675-1694

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