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1100 Cimmie Ave NE
100,329 SF Office Building Cedar Rapids, IA 52402 £15,649,000 (£156/SF) 4.53% Net Initial Yield
Investment Highlights
- Mission Critical Facility Adjacent to Collins Aerospace’s 2.6 Million SF Avionics & Mission Systems Headquarters Campus
Executive Summary
3-year remaining on lease set to expire in September 2027
Recent roof replacement completed in 2020 and HVAC upgrades in 2024.
Collins aerospace is a subsidiary of Raytheon Technologies (NYSE: RTX), who employs 181,000 people with annual revenue of $64.4 billion.
The subject property is Collins’ facility where R&D for rotary avionics and aeronautics is conducted.
Tenant has been consistently extending the lease and operating successfully at this location for ±20 years.
Property Facts
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
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- Manufacturing
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99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
At Collins Aerospace, they’re working side-by-side with their customers and partners to dream, design and deliver solutions that redefine the future of their industry. They’re reaching across markets, disciplines and boundaries to develop new and more advanced technologies. And, together, they’re making the most powerful concepts in aerospace a reality. They’re enabling hybrid-electric propulsion for more fuel-efficient flights. They’re creating lighter-weight, higher-performing structures to decrease maintenance. They’re reducing pilot workload with more autonomous operations. They’re combining modern design with innovative technology for a best-in-class cabin experience. They're transforming the use of data into powerful insights that improve airline and airport operations as well as passenger experiences. They’re delivering more digital systems for the connected airspace and battlespace to support faster decision-making and improved mission effectiveness.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Manufacturing | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 11343-76006-00000 | Improvements Assessment | £5,295,935 |
| Land Assessment | £515,243 | Total Assessment | £5,811,178 |
PROPERTY TAXES
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1100 Cimmie Ave NE
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