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.
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0BEDS
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2.29ACRES
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0BATHS
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01/2 BATHS
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43,963SQFT
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$83$/SQFT
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.