Westland Mall | 550 S Gear Ave
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Westland Mall 550 S Gear Ave
405,298 SF 100% Leased Retail Building West Burlington, IA 52655 £2,874,035 (£7/SF) 7.43% Net Initial Yield
Investment Highlights
- Repositioning or redevelopment opportunity
- Value add high vacancy property with multiple opportunities
Executive Summary
Opportunity for upside. Value add property. High vacancy property ready for retrofitting into data center, retailtainment, self storage, mixed used development. Inquire for more information. More information coming soon.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
405,298 SF
Building Class
B
Year Built
1977
Price
£2,874,035
Price Per SF
£7
Net Initial Yield
7.43%
NOI
£213,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Lot Size
36.22 AC
Zoning
C-Commercial - Multiple.
Parking
2,120 Spaces (5.23 Spaces per 1,000 SF Leased)
Amenities
- Food Court
- Kiosk/Cart Space
- Enclosed Mall
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £6,294 | |
Land Assessment | £72,009 | Total Assessment | £78,302 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£72,009
Improvements Assessment
£6,294
Total Assessment
£78,302
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Westland Mall | 550 S Gear Ave
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