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
$230,800
2123 N Towne Ln NE, Cedar Rapids, IA 52402
--beds
0baths
--sqft
SingleFamily
Built in 1995
1.56 Acres Lot
$230,800 Zestimate®
$--/sqft
$1,387 Estimated rent
Owner options
What's special
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$230,800
2% more+$4,616
With Zillow Showcase(estimated)$235,416