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Listed by Richard Schaefer • NAI Ruhl Commercial Company
$ 6,695,000
Est. payment | /mo
56,000 SqFt
$ 6,695,000
Est. payment | /mo
56,000 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 56,000 sqft
Price per Sqft $119
MLS Listing ID QC4263145
Year Built 1992
Annual Tax Amount $72,192
Tax Year 2023
Lot Size 12.590 Acres
Acres 12.59
Property Sub-Type Commercial
Source rmlsa
Property Description
2-Story medical office building situated on 12.59 acre site in the heart of Bettendorf, Iowa. Building totals approx. 56,000 sf on two floors and finished and occupied lower level. +/- 42,400 SF occupied (76%) and 13,600 SF vacant (24%) vacant. Estimated proforma NOI of $515,800 (8% cap rate). Two elevators, full sprinkler system, back up power generation, ample parking, additional land for expansion or future development. Currently property partially exempt of RE taxes. Owner desires to sell the asset and lease back to its related entities on net basis a significant portion of the building on mutually acceptable terms.
Location
State IA
County Scott
Area Qcara Area
Zoning C-1
Direction 18th Street to Maplecrest Road
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Concrete
Fireplace N
Exterior
View true
Roof Type Membrane
Total Parking Spaces 280
Garage 1
Building
Faces 18th Street to Maplecrest Road
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Concrete,Frame,Stone
Others
Tax ID 8416552021
Miscellaneous Pool