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673 Westbury Dr Iowa City, IA 52245 • Commercial - Business • Active

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Description

Eastside office suites at Olde Towne Village with high visibility from Rochester Ave/Herbert Hoover Hwy. This offering is a combination of two attractive & well maintained suites. The top floor suite of 3855 SF plus 1579 SF on the 1st floor suite. The building has a common entry & is elevator served. Top floor has 11 private windowed offices, kitchenette, large conference room, waiting area, reception & 3 ADA bathrooms. The first floor has 4 large private windowed offices, reception & 2 ADA bathrooms. Built in 2007 & in very good condition. There are 50 off-street parking spaces serving this building which has a total of 7,710 square feet. There is a 1st floor unit owned by James Investment Group that is not part of this offering. If leased at a conservative market rent of $12 NNN, the CAP rate is over 11%, although it is ideal for an owner user.

Property Highlights

Property Type: Commercial - Business
Year Built: 2007

General Information

County: Johnson
Listed By:
Lepic-Kroeger, REALTORS Jeff Edberg 319-351-8811
ICAAR MLS
$1,050,000
Est. $8,254/mo
Active
SQUARE FEET5,434 MLS#202603475
STATUSActive PROPERTY TYPECommercial - Business
TOUR PROPERTY

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Agent Name: Katey Kooi
 Agent Phone: (641) 220-0930
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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673 Westbury Dr, Unit 102 &a, Iowa City, IA 52245.

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Loan Type FHA 30 Year Fixed15 Year FixedVA 30 year fixed
Purchase Price $1,050,000$1,050,000$1,050,000
Down Payment $36,750$262,500$0
Monthly Mortgage Amount $6,348$6,487$6,604
Taxes $1461$1461$1461
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $630$0$0
Monthly Estimated Total $8,745$8,254$8,371

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