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.
1100 5th St 125, 205 & 210 Coralville, IA 52241
1100 5th St 125, 205 & 210
Coralville IA, 52241
Agent: Jeff Edberg
Broker: Lepic-Kroeger, REALTORS