999 Home Plaza

    Waterloo, IA 50701
    • $3,650,000
    • STATUS: Active
    • ON SITE: 478 days
    • MLS #: 20182132
    $3,650,000
    • 0
      BEDS
    • 2.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 43,963
      SQFT
    • $83
      $/SQFT
    Type:
    Commercial
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Description

    999 Home Plaza is a 43,963-square-foot multi-tenant office building located on the corner of Ansborough Ave and San Marnan Dr, in Waterloo, Iowa. At over 95% leased, this investment opportunity is situated along the gateway to Waterloos growing business park. Surrounded by the newly expanded VGM corporate offices, Sunnyside Golf Course, a large residential population, and the newly constructed Kwik Star, 999 Home Plaza is perfectly positioned to capture in-town and visiting consumers alike. 999 Home Plaza is a three-story office complex that is currently 95.2 % leased. Nine tenants, the largest of which accounts for 26.5 percent of the property and has a long established leasing history. Three additional long-term tenants comprising an additional 34 percent of the square footage who have had a lease commencement date starting in 2001.These additional tenants also plan to stay long term and have leases extending through 2020. This is a rare opportunity to own an important local office asset with stable cash flows in close proximity to Crossroads Mall, Sams Club, Lowes, Home Depot, Menards, Furniture Row, Walmart, Hy-Vee, Barnes and Noble, Bed Bath and Beyond, Best Buy, and Target, just to name a few.

    Monthly Payment Calculator

    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-08-18T23:53:24.323.
    www.cedarvalleyhomesforsale.com/homes/83010033

    999 Home Plaza Waterloo, IA 50701

    • Price: $3,650,000
    • Status: Active
    • MLS #: 20182132
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.29
    Acres
    43,963
    SQFT
    $83
    $/SQFT
    1979
    Built
    County:
    Black Hawk
    Area:
    Black Hawk
    Property Description
    999 Home Plaza is a 43,963-square-foot multi-tenant office building located on the corner of Ansborough Ave and San Marnan Dr, in Waterloo, Iowa. At over 95% leased, this investment opportunity is situated along the gateway to Waterloos growing business park. Surrounded by the newly expanded VGM corporate offices, Sunnyside Golf Course, a large residential population, and the newly constructed Kwik Star, 999 Home Plaza is perfectly positioned to capture in-town and visiting consumers alike. 999 Home Plaza is a three-story office complex that is currently 95.2 % leased. Nine tenants, the largest of which accounts for 26.5 percent of the property and has a long established leasing history. Three additional long-term tenants comprising an additional 34 percent of the square footage who have had a lease commencement date starting in 2001.These additional tenants also plan to stay long term and have leases extending through 2020. This is a rare opportunity to own an important local office asset with stable cash flows in close proximity to Crossroads Mall, Sams Club, Lowes, Home Depot, Menards, Furniture Row, Walmart, Hy-Vee, Barnes and Noble, Bed Bath and Beyond, Best Buy, and Target, just to name a few.
    Exterior Features

    Dock Doors 0

    Interior Features

    Common Area Yes Sprinkler Yes Sq Ft Total Available 43963

    Property Features

    Agent Owned No Commercial Type Office For Lease Yes For Sale Yes Gross Income Is Actual Gross Taxes 114803.53 Investment Yes Lease Type None Multitenant Yes Price Type Gross Region Waterloo South 6 Sale Type Investment Sale Tax Year 2016 Zoning R-3R-P

    Listing provided courtesy of Victoria Lockard of Lockard Realty Company.
    Listing information © 2019 Waterloo Cedar Falls Board of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not guaranteed accurate by the MLS. Data last updated: 2019-08-18T23:53:24.323.
     
    Amy Wienands Real Estate
    1730 W. Ridgeway Avenue
    Waterloo IA, 50701