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USDA 1212 17th Ave

6,108 SF Office Building De Witt, IA 52742 £757,876 (£124/SF) 8.75% Net Initial Yield

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Investment Highlights

Federal Government Lease Guarantor – With one of the best guarantors in the nation, there is limited risk of default from the tenant.
Annual CPI Rent Increases – The GSA tenant increases the rent each year in accordance with the CPI or Consumer Price Index
Mission Critical Location – It was reported in 2017 by the Census of Agriculture that there are over 402,000 acres of farmland in Clinton county and m

Long Term Commitment – This was a build to suit for the tenant back in 2003 and have already committed to this location for the last 20 years. The sel
Dense Retail Corridor – With other national credit tenants like McDonalds, Family Dollar, Pizza Hut, Kwik Gas Station, Etc. in the immediate area, thi
Proximity to the Quad Cities– Davenport and the quad cities are the 3rd largest populated cities behind the state capital in Des Moines and Cedar Rapi

Executive Summary

Broker of Record
Adam Marek
License No. F03991000 (IA)
(866) 889-0550
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha,
NE 68154

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

6,108 SF

Building Class

Year Built

2003

Price

£757,876

Price Per SF

£124

Net Initial Yield

8.75%

NOI

£66,314

Tenancy

Single

Number of Floors

Typical Floor Size

6,108 SF

Building FAR

0.15

Land Acres

0.95 AC

Parking

42 Spaces (6.88 Spaces per 1,000 SF Leased)

Amenities

Central Heating

Air Conditioning

PROPERTY TAXES

Parcel Number	20-0961-6025	Improvements Assessment	£408,783
Land Assessment	£57,118	Total Assessment	£465,900

PROPERTY TAXES

Parcel Number

20-0961-6025

Land Assessment

£57,118

Improvements Assessment

£408,783

Total Assessment

£465,900

Listing ID: 33526816
Date on Market: 15/10/2024
Last Updated:
Address: 1212 17th Ave, De Witt, IA 52742

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