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1100 5th St 125, 205 & 210 Coralville, IA 52241

For Sale
1100 5th St 125, 205 & 210
Coralville IA, 52241
Price: $3,200,000
Type: Commercial
Sqft: 12670
Agent: Jeff Edberg
Broker: Lepic-Kroeger, REALTORS

Fully leased medical office space offered as a leased investment property. The three tenants are Epiphany Dermatology, Dr. Andrews plastic surgery and Corridor Surgery Center. There is also a private office suite with complete kitchen that could be leased or used as a private office by the buyer. Annual net income is $199,019, CAM recovery is $80,201 and expenses are $94,235 giving a capitalization rate of 5.4%. All tenants have built out their own suites and are well invested in the property and are thriving. They are unlikely to move on lease turn over.