$3,650,000

999 Home Plaza

Waterloo IA, 50701

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.

Details

MLS#20182132
StyleIndustrial
Sub-TypeResale
StatusActive
Year1979
Days On Site506

Features

SQ Feet43,963
Story(s)1
ZoningR-3, R-P

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Attachments

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Area Information

StateIA
CountyBlack Hawk
CityWaterloo
Zip Code50701
AreaBlack Hawk
Listing VS Median (in 50701)
Price:
$3,650,000
low | high
Med:
$127,900
100% of Average
SqFt:
43,963
low | high
Med:
1,500
100% of Average
$ / SqFt:
$83
low | high
Med:
$85
47.299220091324% of Average
On Site:
506
low | high
Med:
61
100% of Average
Listing Updated: 09/14/2019
MLS Number: 20182132
Listing Provided By:
Victoria Lockard  of  Lockard Realty Company