BUILD-TO-SUIT opportunity: The stated price is a land lease price, but the owner is really looking for a build-to-suit and leaseback situation. Consider a commercial / industrial building that could be leased for 10-year or more making the entire lease payment a deductible expense for the tenant/user. The lease rate would be based on the land lease rate plus a capitalized rate of 7% of cost for the improvement. The site is facing I-380 with 54,400 cars per day passing in front of this site. It is served by North Liberty water and sewer with hard surfaced roads already to the site. Real estate taxes, insurance and CAM would be added to the build-to-suit monthly lease number to establish a final monthly gross lease number and a reasonable rate escalation would be built in to complete the cost compensation package.