2839 Northgate Dr - Office FOR SALE


Iowa City, IA 52245
$4,500,000 USD
319-229-1003
2839 Northgate Dr, Iowa City, IA for Sale
$4,500,000 USD
Office - FOR SALE
1/24
null | 9.85% Cap Rate

2839 Northgate Dr
Iowa City, IA 52245


OVERVIEW

Cushman & Wakefield Iowa Commercial Advisors is pleased to exclusively offer the rare opportunity to own a prestigious, Class A office property located at 2839 Northgate Drive in Iowa City, IA, tenanted by Iowa’s own renowned Shive-Hattery. This 26,093 square-foot asset boasts a long-standing and stable tenant history with Shive-Hattery, who recently renewed their lease for an additional 3 years, showcasing their commitment to the location. KEY PROPERTY HIGHLIGHTS: • Tenant: Shive-Hattery, Iowa’s premier architecture and engineering firm with deep community roots • Building Class: Class A, meticulously designed with top-tier finishes by the tenant, ensuring an immaculate presentation • Size: 26,093 square feet, with flexibility to expand the building footprint • Amenities: Grand entryway, luxurious conference rooms, and a spacious, modern break room that create a professional and welcoming environment. • Generous parking accommodations to support both tenant and client needs. Additionally, the building has a rear loading dock providing functional accessibility for operations • Brand new roof in 2024 • Parking Spaces: 161 Spaces | Parking Ratio: 17/1,000 SF

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

9.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shive-Hattery | 2839 Northgate Dr, Iowa City,

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

161

LAND DETAILS

LAND ACRES

3.83 AC

LAND SF

166,835 SF

ZONING

C - Commercial

APN/PARCEL ID

0736451008

ASK ABOUT THIS PROPERTY

Ryan FitzpatrickCushman & Wakefield | Iowa Commercial AdvisorsMore Info
319-229-1003

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Ryan FitzpatrickCushman & Wakefield | Iowa Commercial AdvisorsMore Info
319-229-1003

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