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2239 Heinz Rd Iowa City, IA 52240 • Commercial - Business • Active

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Description

72,000 warehouse with 33,500 SF leased at $5.00 PSF/YR NNN. Taxes are $1.13 per SF/YR, Insurance is estimated to be $0.25 SF/YR and CAM is performed directly by the tenant. When the remaining vacant space of 38,500 SF is leased, the CAP rate will be 7% per year. There are 2 doc doors with levelers, 2 OH doors with 23' eave height and floors are 5" reinforced concrete. The property is located on 4.36 acres with ample truck turn space and additional employee parking. All lighting has just been upgraded to LED warehouse lights.

Property Highlights

Property Type: Commercial - Business
Year Built: 1997
Lot Size: 4.36 acres

General Information

County: Johnson
Listed By:
Lepic-Kroeger, REALTORS Jeff Edberg 319-351-8811
ICAAR MLS
$5,100,000
Est. $34,374/mo
New to the Market Active
SQUARE FEET72,000 MLS#202604991
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Agent Name: Mike McManus
 Agent Phone: (563) 529-9319
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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2239 Heinz Rd, Iowa City, IA 52240.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $5,100,000$5,100,000
Down Payment $178,500$1,020,000
Monthly Mortgage Amount $31,241$25,788
Taxes $7098$7098
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $3,060$0
Monthly Estimated Total $42,887$34,374

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