3727-3731 University Ave - Freestanding FOR SALE


Waterloo, IA 50701
$8,357,558 USD
515-334-4900
3727-3731 University Ave, Waterloo, IA for Sale
$8,357,558 USD
Freestanding - FOR SALE
1/9
null | 7.25% Cap Rate

3727-3731 University Ave
Waterloo, IA 50701


HIGHLIGHTS

  • High-traffic location on University Ave. in Waterloo, near major retailers and serving both Waterloo and Cedar Falls.
  • Strong tenant mix with long-term leases, anchored by a regional hospital and top-performing trampoline park, plus development potential on a 1-acre ou

OVERVIEW

This property consists of four tenants with long-term leases in place for the medical office anchor. With the major anchor consisting of a regional hospital and fully renovated to Class A office and hospital grade construction throughout. Boasting a trampoline park that ranks in the top 20% for sales in the country and the nearest similar attraction 55 miles away coupled with an appliance sales tenant who has been located at the property for over 20 years. This property additionally has the ability to optimize the site by developing the 1-acre out-lot for increased income and profit.

FOR SALE DETAILS

PRICE

$8,357,558 USD

PRICE/SF

$126 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

288

LAND DETAILS

LAND ACRES

6.76 AC

LAND SF

294,466 SF

ZONING

C-2

APN/PARCEL ID

8913-20-427-034

ASK ABOUT THIS PROPERTY

Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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Jared HusmannThe KataLYST TeamMore Info
515-334-4900

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