999 Home Plaza, Waterloo, IA 50701

999 Home Plaza, Waterloo, IA 50701
999 Home Plaza, Waterloo, IA 50701
MLS ID #:
20182132

Property Address:
999 Home Plaza
Waterloo, IA 50701

County:
Black Hawk

Region:
Waterloo South 6

Year Built:
1979

Property Type:
Commercial

Sub-Type:
Office

Date Listed:
April 27th, 2018

Status:
Active

Price:
$3,650,000.00

Gross Taxes:
114803.53

Tax Year:
2016

Multi-Tenant:
Yes

Sale/Rent:
For Sale

For Lease:
Yes

Sale/Lease Type:
Investment Sale

For Sale:
Yes

Ivestment:
Yes

Zoning:
R-3, R-P

Legal Desc:
See abstract

Sprinkler:
Yes

Total Avail Sq Ft:
43,963 sq ft

Total Building Sq Ft:
43,963 sq ft

Office SqFt:
43,963 sq ft

Lot Sq Footage:
99,622

Acres:
2.2870

Common Area:
Yes

Remarks: 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.
Realtor/Equal Housing Lender Listing provided courtesy of Lockard Realty Company.
Listing Agent: Victoria Lockard
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