2937 Sierra Ct SW

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2937 Sierra Ct SW

Iowa City, IA 52240
Asking Price
$2.20M
Asset Type
Executive Office Retail
Class
Class B

What's Special

2937 Sierra Ct SW, Iowa City, IA 52240 <ul><li>​37,875 SF office investment opportunity offered at $2.2 million ($58/SF)</li><li>​Extremely competitive price point for a building of this size in Iowa City</li><li>​Partially leased to established tenants including University of Iowa Community HomeCare and Mass Markets</li><li>​In-place income with significant upside through lease-up of remaining 2nd and 3rd floor vacancy</li><li>​Large floor plates and flexible suite configurations</li><li>​Suitable for office, medical, service, or ba

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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796

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