2761 Oakdale Blvd, Coralville
Sale Price $711,000.00 ▪ MLS: 202200823
Net Leased Investment Property - Building has been 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. Rapidly growing area near research campus, future University of Iowa Hospital & Clinics building, new rehab hospitals, and the West Coralville development make this a smart buy. Square footage is approximated from the Johnson Co. Assessor site.
Directions: NW corner of Hwy. 965 and Oakdale Blvd.
Sale Price: $711,000.00
Year Built: 2006
Sq Ft: 4207
Business: Educational, Medical Dental, Office Building
Construction: Brick, Frame, Precast Stone, Other
Floor Type: Concrete Slab/Grade, Carpet
Utilities: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Frontage: County/City Road, State Highway
Energy Generation: Gas, Forced Air
Heat/Cooling: Central A/C, Zoned