Cap Rate
9%
$ per SF
$186
Tot. SF
32,200
1410 S 1st Ave, Iowa City, IA, 52240
Va Administration Office$6,008,766
Key Information
Lot Size
2.88 Acres
Year Built
1967
Term Remaining
± 7 Years
Type
Office
Occupancy
100%
NOI
$540,789
Highlights
- 1st Generation Lease: Redeveloped for the VA in 2023, this tenant signed a 20-year lease, 10 years of which are firm (non-cancellable), which leaves ±7 years remaining on the lease.
- Home of the University of Iowa: The largest employer in the city, along with the UI Health Care System, Iowa City offers market stability and growth.
- Healthcare & Education Sectors: Over 22,000 people work in Healthcare in Iowa City, which is a significant portion of the working population.
- Serves 50,000 Veterans Annually: The Iowa City VA Healthcare system serves roughly 50,000 Veterans annually across 53 counties, with roughly 2,000 staff members.
Photos
Location
Agents
E
Ethan EdmistonLicense # 6505128 (DC)
Broker of Record
Adam Marek
License # F03991000, S44830000 (IA)Pacific Realty Commercial, LLC11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154