Excellent single tenant investment opportunity! Lease with ServiceMaster, a privately held fortune 1000 company. Triple Net Lease with 4 years remaining. Offered at an 8% cap rate, NOI is $96,000. Tenant is responsible for building maintenance. Located off Blairs Ferry Road with convenient access to I-380. Building was constructed in 1997 and includes 3750 square feet of office space, 8250 sf shop/work area (20 ft ceilings), and 5600 sf warehouse. Fenced outdoor storage space and two docks. Large pylon sign visible from I-380. One of the owners is a licensed Realtor in the State of Iowa.
Off market
$278,300
2123 N Towne Ln NE, Cedar Rapids, IA 52402
--beds
0baths
--sqft
SingleFamily
Built in 1995
1.56 Acres lot
$278,300 Zestimate®
$--/sqft
$-- HOA
What's special
Services availability

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$278,300
2% more+ $5,566
With Zillow Showcase(estimated)
$283,866