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.
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0BEDS
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12.59ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
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