1410 S 1st Ave - Office FOR SALE
Iowa City, IA 52240 |
$6,008,766 USD
615-261-9954
1410 S 1st Ave
Iowa City, IA 52240
HIGHLIGHTS
- 1st Generation Lease: Redeveloped for the VA in 2023, this tenant signed a 20-year lease, 10 years of which are firm (non-cancellable)
- Home of the University of Iowa: The largest employer in the city, along with the UI Health Care System, Iowa City offers market stability and growth.
- Healthcare & Education Sectors: Over 22,000 people work in Healthcare in Iowa City, which is a significant portion of the working population.
- Serves 50,000 Veterans Annually: The Iowa City VA Healthcare system serves roughly 50,000 Veterans annually across 53 counties
FOR SALE DETAILS
PRICE
$6,008,766 USD
PRICE/SF
$255 USD /SF
CAP RATE
9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
VA Administration Office
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1967
SPRINKLERS
-
PARKING SPACES
146
LAND DETAILS
LAND ACRES
2.88 AC
LAND SF
125,453 SF
ZONING
C-Commercial
APN/PARCEL ID
1013353008,1014485003
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615-261-9954
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615-261-9954
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