Property Showcase

999 Home PlazaWaterloo, IA 50701

$3,650,000
Commercial
Status: Active
  • Sqft:
  • Lot:99,622 sq ft
  • MLS#: 20182132
42.458511352539062-92.375473022460938
Courtesy Of Victoria Lockard, Lockard Realty Company

Description:

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 Waterloos 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, Sams 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.

Main Features:

Listing Status Active Year Built 1979
County Black Hawk Rental Price $0
Zoning R-3, R-P

Additional Features:

Special Conditions Investment Sale

Extra Features:

Legal Description See abstract Net Operating Income 0
Tax ID 881304352071

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Northeastern Iowa Regional Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Deanna Wheeler, are indicated by detailed information about them such as the name of the listing firms.
Information deemed reliable but not guaranteed.
Copyright© 2019 Northeast Iowa Regional Board of Realtors. All Rights Reserved.
Last Updated On: 9/21/2019 9:31:15 PM

999 Home Plaza, Waterloo, IA 50701

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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Northeastern Iowa Regional Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Deanna Wheeler, are indicated by detailed information about them such as the name of the listing firms.
Information deemed reliable but not guaranteed.
Copyright© 2019 Northeast Iowa Regional Board of Realtors. All Rights Reserved.
Last Updated On: 9/21/2019 9:31:15 PM

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