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311 21ST ST Camanche, IA 52730
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Key Details
Sold Price $1,825,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 148,440 sqft
Price per Sqft $12
MLS Listing ID QC7041765
Sold Date 07/16/20
Originating Board rmlsa
Year Built 1980
Annual Tax Amount $55,796
Tax Year 2016
Lot Size 23.510 Acres
Acres 23.51
Property Sub-Type Commercial
Property Description
INVESTMENT PROPERTY - Single tenant industrial property located in Camanche, IA. 148,440 SF pre-engineered steel building on 9.33 acre lot plus additional 14.18 acre adjacent lot. Property has a newly-extended 5 year lease expiring 6/21/23 with an international credit tenant who has been in the building for the last 24 years. Main property for sale at $2,098,000 plus $392,000 for extra lot. $280,073 annual rent less $59,242 average expenses = $220,831 NOI (8.82% CAP rate).
Location
State IA
County Clinton
Area Qcara Area
Zoning M-1
Direction Highway 67 to 21st Street, west on 21st to property
Body of Water ***
Interior
Heating Forced Air, Gas, Individual Unit
Cooling Central Air, Partial
Flooring Reinforced Concrete
Fireplace N
Exterior
View true
Roof Type Wood, Sloped
Total Parking Spaces 20
Garage 1
Building
Faces Highway 67 to 21st Street, west on 21st to property
Sewer Public Sewer
Water Municipal/City
Structure Type Steel/ST Fram, Steel Siding
Others
Tax ID 101872000 / 10187221000
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