$4,115,000 USD
818-510-3158
3740 Utica Ridge Rd
Bettendorf, IA 52722
Outer Davenport/Bettendorf
HIGHLIGHTS
- Recent Capital Investment: In the past year, ownership invested over $400K in major improvements, including a brand new roof.
- Strong Rent Growth: The two tenants generate an annual 4.65% weighted average rent increase.
- Proximity to Major Medical Hub: The property is less than one mile from UnityPoint Health Trinity Bettendorf, a 139-bed hospital.
- Dense, Affluent Demographics: More than 150k residents live within 5-miles, with above-average household incomes.
- Investment Grade Credit: UnityPoint carries an AA- rating from Fitch, placing it among the highest-rated nonprofit health systems in the Midwest.
- High-Visibility Corridor: Located just off I-74 with ±35,000 VPD, the site provides convenient access and proximity to major employment centers.
FOR SALE DETAILS
PRICE
$4,115,000 USD
PRICE/SF
$137 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Utica Crest Medical Building
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Day Care Center, Drug Store, Veterinarian/Kennel
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1974
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.68 AC
LAND SF
203,861 SF
ZONING
-
APN/PARCEL ID
841737003-1
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818-510-3158
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818-510-3158
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