Active
1100 5th St Unit: Unit 1
Coralville IA, 52241
$2,200,000
Active
Commercial
Built in 1998
This is a fully leased medical office building that was first leased on April 1, 2018. There is a total of 7,736 leased space on the first and second floors configured as reception, office, and medical procedure areas. There is an additional 1,455 square feet in the lower level that is configured for storage and break room for employees. The entire suite was improved by the tenant without any amortization of TIs in the lease, so the Tenant has a large investment in the space. The finishes are high end and in excellent condition. This property is part of an office condo (HPR-Horizontal Property Regime) that has recently been divided and resurveyed. The divided portion was sold to an investor and the resurvey resulted in 7823 upper-level feet and 1801 basement feet. The lease precedes the HPR, so it is the ruling document with regard to leasable and usable square feet. See full comments in Assoc Docs.
202401013
MLSⓇ ID
February 22, 2024
Listed
May 9, 2024
Updated
Map
1100 5th St Unit: Unit 1
Coralville IA, 52241
Interior Features
Interior Features
Elevator, Zero Step Entry
Floor Description
Carpet, Ceramic Tile, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
Lot Size
0.22 Acres
Roof
Composition
Other Property Details
Taxes
$33,652
Tax Frequency
Annually
Garage
No
View
No
County
Johnson
Pool
No
Zoning
CPUD-2
Courtesy of Lepic-Kroeger, REALTORS, ,
Listing Contact: 319-331-6187
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