999 Home Plaza $3,650,000

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    999 Home Plaza Waterloo, IA 50701

    • 43,963 sq.ft.
    • 2.29 Acres
    • Commercial
    MLS# 20182132 | Active

    $3,650,000

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    Days On Market: 445 36 Views
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    Property Details

    999 Home Plaza is a 43,963-square-foot multi-tenant office building located on the corner of Ansborough Ave and San Marnan Dr, in Waterloo, Iowa. At over 95% leased, this investment opportunity is situated along the gateway to Waterloo's growing business park. Surrounded by the newly expanded VGM corporate offices, Sunnyside Golf Course, a large residential population, and the newly constructed Kwik Star, 999 Home Plaza is perfectly positioned to capture in-town and visiting consumers alike. 999 Home Plaza is a three-story office complex that is currently 95.2 % leased. Nine tenants, the largest of which accounts for 26.5 percent of the property and has a long established leasing history. Three additional long-term tenants comprising an additional 34 percent of the square footage who have had a lease commencement date starting in 2001.These additional tenants also plan to stay long term and have leases extending through 2020. This is a rare opportunity to own an important local office asset with stable cash flows in close proximity to Crossroads Mall, Sam's Club, Lowes, Home Depot, Menards, Furniture Row, Walmart, Hy-Vee, Barnes and Noble, Bed Bath and Beyond, Best Buy, and Target, just to name a few.

    Contact

    Lori McNamee

    Sales Associate

    Iowa

    RE/MAX HOME GROUP

    Mobile Phone: 319-231-5225

    Neighborhood

    50701 (Waterloo) Demographics

    38Median Age
    371Population Density (per sq. mile)
    42%College Educated
    $52,583 Estimated Median Income
    8,677Estimated Total Home Owners
    4,173Estimated Total Renters
    68% / 32%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    30,231Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $0 Median Sales Price
    0 Homes Sold
    26 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,650,000
        4/27/2018 2:05:00 PM New in Database Source

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