Cap Rate
9.32%
Type
Office
Key Information
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.
- Biggest Economic Sectors Are Healthcare And Education – 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 # S44830000, F03991000 (IA)Pacific Realty Commercial, LLC11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154