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    5000 Tremont

    Davenport, IA 52807
    • $7,765,000
    • STATUS: Active
    • ON SITE: 272 days
    • ID#: QC7042101
    $7,765,000
    • 0
      BEDS
    • 12.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2002
    County:
    Area:

    School Ratings & Info

    Description

    Investment Sale - 5000 Business Park is a first-class 120,000 SF business park, located on 12.34 acres in Davenport, IA. It was built from 1994 - 2002 and consists of five separate buildings with a mix of 30 industrial flex and office tenants from less that 1,000 SF to 9,040 SF. Tenants range from international and national publicly listed companies to regional and local companies. The bulk of the leases are three to five year triple-net leases and the property is managed by a local property management company. This investment property has a proforma NOI of $563,008 and is offered for sale at $7,765,000 (7.25% CAP rate).

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    © 2021 RMLS Alliance, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Preferred Choice. Data last updated: 2021-03-07T23:44:50.373.
    www.peoriahousefinder.com/homes/106649764
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    5000 Tremont Davenport, IA 52807

    • Price: $7,765,000
    • Status: Active
    • ID#: QC7042101
    0
    Beds
    0
    Baths
    0
    ½ Baths
    12.34
    Acres
    2002
    Built
    Neighborhood:
    Qcara Area
    County:
    Scott
    Area:
    Qcara Area
    Property Description
    Investment Sale - 5000 Business Park is a first-class 120,000 SF business park, located on 12.34 acres in Davenport, IA. It was built from 1994 - 2002 and consists of five separate buildings with a mix of 30 industrial flex and office tenants from less that 1,000 SF to 9,040 SF. Tenants range from international and national publicly listed companies to regional and local companies. The bulk of the leases are three to five year triple-net leases and the property is managed by a local property management company. This investment property has a proforma NOI of $563,008 and is offered for sale at $7,765,000 (7.25% CAP rate).
    Exterior Features

    Exterior Finish SteelStucco Frontage Access City StreetPaved 2Lane Miles To Airport 10 Miles To Highway 1 Nearest Highway Us 61 Num Dock Doors 3 Num Drive In Doors 17 Num Parking Spaces Allocated 573 Roof Construction FlatMembraneSloped Wall Construction FrameSteel/St Fram

    Interior Features

    Cooling Central Air Flooring Reinforced Concrete Heating Forced AirGasIndividual Units Insulation Party WallsRoofSide Walls

    Property Features

    Amenities CableFiber Optics Annual Taxes 205504 Building Description 1 Story2 StoryMulti-Tenant For Lease No For Sale Yes Handicap Modified No Location Industrial ParkOffice Park Net Operating Income 0 Number Of Buildings 4 Owner Pays ManagementStructural MaintenanceWater/Sewer Ownership L.L.C. Property Use Business ParkDistribution WarehouseFlex SpaceOffice ShowroomWarehouse Sale Lease Includes BuildingBusinessLand Sale Rent For Sale Street Type Avenue Tax Incentive In City Limit Tenant Pays Common Area MaintCoolingElectricGasHeatingInsuranceInternal MaintenanceJanitorialReal Estate TaxesTrash Terms Lease 3 Years5 YearsOther Term/Lease Type Commercial/Cie Type1 IndustrialOffice Underground Storage Tank No Water Supply Municipal/City Zoning M-1

    Listing provided courtesy of Charles Armstrong of Nai Ruhl Commercial Company.
    © 2021 RMLS Alliance, LLC. All Rights Reserved.


    © 2021 RMLS Alliance, LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Preferred Choice. Data last updated: 2021-03-07T23:44:50.373.
     
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