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2761 Oakdale Blvd 1-2 Coralville, IA 52241

For Sale
2761 Oakdale Blvd 1-2
Coralville IA, 52241
Price: $711,000
Type: Office
Sqft: 4207
Agent: Jon Proud
Broker: Coldwell Banker Real Estate Professionals

Net Leased Investment Property – Building has been subdivided into individual condominium units. Long established tenant (Farrell’s) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return. Rapidly growing area near research campus, future Mercy Hospital location, new rehab hospitals, and the West Coralville development make this a smart buy. Square footage is approximated from the Johnson Co. Assessor site.