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Auction - Occupied Office Building 22% Cap Rate
102 Sergeant Square Drive, Sergeant Bluff, IA
12/17/2015, 03:00 PM
External LinkOnline Bidding Site

Auction - Occupied Office Building 22% Cap Rate

Sells to the Highest Bidder at or above Bid of $3,000,000

Office/Call Center with 9 year Tenant

Appraisal Available $14,800,000 (10-29-07)

2015 Woodbury County Assessed Value $8,764,730

148,131 +/- SF in Two Buildings both with Two Stories

Built in 1987 on 13.56 +/- Acres

47% Occupied

Well Located Good Access and Visibility

Convenient access to I-29

Large Atriums & Cafeterias

1,004 Parking Spaces, includes 27 Handicap Spaces - Fenced

Emergency Generator for Both Buildings

Two Elevators

100% Sprinklered

$937,903 = 2014 NOI Actual

$661,900 = 2015 NOI projected per Budget

Quality Interior Finishes and Lighting

Minor conversion could demise second building to as many as nine areas and 1,500 additional call center stations

Zoning is BG Business General

Fiber and Electrical Systems for Call Center; Two Source, Redundant Fiber

One Loading Dock

Public water, sewer, elect...

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102 Sergeant Square Drive

Sergeant Bluff, IA 51054

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Contact Seller
Tranzon Asset Advisors

Elizabethtown, KY

(270) 276-1954