1100 Cimmie Ave NE - Office FOR SALE


Cedar Rapids, IA 52402
$20,000,000 USD
310-996-2238
1100 Cimmie Ave NE, Cedar Rapids, IA for Sale
$20,000,000 USD
Office - FOR SALE
1/13
null | 4.53% Cap Rate

1100 Cimmie Ave NE
Cedar Rapids, IA 52402


HIGHLIGHTS

  • Mission Critical Facility Adjacent to Collins Aerospace’s 2.6 Million SF Avionics & Mission Systems Headquarters Campus

OVERVIEW

Mission Critical Facility Adjacent to Collins Aerospace’s 2.6 Million SF Avionics & Mission Systems Headquarters Campus. Recent roof replacement completed in 2020 and HVAC upgrades in 2024. Collins aerospace is a subsidiary of Raytheon Technologies (NYSE: RTX), who employs 181,000 people with annual revenue of $64.4 billion. The subject property is Collins’ facility where R&D for rotary avionics and aeronautics is conducted. Tenant has been consistently extending the lease and operating successfully at this location for ±20 years.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

4.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

430

LAND DETAILS

LAND ACRES

10.91 AC

LAND SF

475,240 SF

ZONING

S-MC

APN/PARCEL ID

11343-76006-00000

ASK ABOUT THIS PROPERTY

Fred AframianKidder MathewsMore Info
310-996-2238

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Fred AframianKidder MathewsMore Info
310-996-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.