1100 5th St Unit 1, Coralville IA 52241

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$2,200,000

1100 5th St Unit 1, Coralville, IA 52241

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

1998

Full Baths

Half Baths

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This is a fully leased medical office building that was first leased on April 1, 2018. There is a total of 7,736 leased space on the first and second floors configured as reception, office, and medical procedure areas. There is an additional 1,455 square feet in the lower level that is configured for storage and break room for employees. The entire suite was improved by the tenant without any amortization of TIs in the lease, so the Tenant has a large investment in the space. The finishes are high end and in excellent condition. This property is part of an office condo (HPR-Horizontal Property Regime) that has recently been divided and resurveyed. The divided portion was sold to an investor and the resurvey resulted in 7823 upper-level feet and 1801 basement feet. The lease precedes the HPR, so it is the ruling document with regard to leasable and usable square feet. See full comments in Assoc Docs.

Location
Subdivision	-
County	Johnson
Elementary School	-
Middle School	-
High School	-

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None scheduled.

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MLS number: 202404940

Listing agent: Jeff Edberg

Listing broker: Lepic-Kroeger, Realtors (319) 351-8811

Copyright © 2025 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 12:15 a.m. EST

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