335 Beaver Kreek Centre #and 345 North Liberty IA 52317
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335 Beaver Kreek Centre #and 345 North Liberty IA 52317
This offering is for two, 2-story buildings at Beaver Kreek in North Liberty at Zeller & Dubuque. One building (345 Beaver Kreek) has eight, 2 Br-1Ba apartments on the second level & one commercial tenant on the 6,500-foot first floor. The same tenant, a biological research facility, occupies both floors in the second building (335 Beaver Kreek) totaling 13,000 SF. They are fully leased & currently bring in $315,510 plus $79,284 in NNN charges per year. After expenses of 35.4% the NOI is $254,842 yielding an 8.1% CAP rate. The Commercial tenant, Element, is a secure research facility so all showings require a 48 hour notice and all guests will have to show picture ID & be issued a guest badge for the escorted showing. Each building is 13,000 SF. The proforma, leasing information and floor plans are in the associated documents for your review.
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