2761 Oakdale, Coralville
Sale Price $711,000.00 ▪ MLS: 202100386
Net Leased Investment Property - Building is being further subdivided into individual condominium units. Long established tenant (Farrell's) lease has renewed twice runs through Feb of 2025. Commercial condominium whose association provides exterior and grounds maintenance makes this a low maintenance investment opportunity. 7.22% cap rate yields a healthy return (see attached doc). Rapidly growing area near research campus and new rehab hospitals make this a smart buy.
Directions: Northwest Corner of 965 and Oakdale Blvd., Farrell's Extreme Body Shaping.
Sale Price: $711,000.00
Year Built: 2006
Sq Ft: 3951
Business: Educational, Medical Dental, Office Building, Religious, Retail Store, Other
Construction: Brick, Frame, Precast Stone, Other
Floor Type: Concrete Slab/Grade, Carpet
Utilities: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City, See Other Remarks
Frontage: County/City Road, State Highway
Heating: Gas, Forced Air
Cooling: Central A/C, Zoned