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2801 6TH ST SW Cedar Rapids, IA 52404

For Sale
2801 6TH ST SW
Cedar Rapids, IA 52404
Price: $900,000
Type: Office
Sqft: 7709
Agent: CHRIS MOTTINGER
Agent Phone: 319-329-7653
Broker: Mottinger Real Estate Group
Broker Phone: 319-624-6027

Excellent Office Building for sale. All brick exterior with lots of windows & Class A space that has been remodeled and updated over time. Nice mix of 13+ offices with 2+ conference rooms with large reception and cubicle areas. Building can be easily divided into two units of 5,039 sq ft & 2,671 Sq. Ft. units for multi-use or sub-letting. Great central location with quick access to I380 and 32-Car off street parking. TENANT RIGHTS – Building is currently leased through 12/31/2023 for $10.00 PSF NNN (Self-Managed Cap-Rate = 8.5% / 2021-22 Pass-Thoughs are $4.83 PSF & includes Maintenance Contract). NOTE: Building Size is 7,709 per Owner/Blueprint and 7,645 per Assessor.