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724 THIRD AVE SE
CEDAR RAPIDS, IA 52401
Asking Price
$1.12M
Asset Type
Retail
Class
Class B
What's Special
DOWNTOWN OFFICE WITH SHOWROOM & FLEX SPACE | 16,800 SF <ul><li>Strong downtown visibility with frontage along a major commercial corridor</li><li>Ample off-street parking on the included adjacent lot, plus street parking</li><li>Ceiling heights ranging from 11' to 25'</li><li>Flexible mix of showroom, office, warehouse, and storage space</li><li>Convenient access to Interstate 380</li><li>Elevator access serving multiple levels</li></ul>
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NOI
$80,000
Cap Rate
7.13%
DSCR
1.20
Tight
Cash-on-Cash
3.98%
Monthly Payment
$5,551.044
Annual Cash Flow
$13,387.474
