999 Home Plaza

Office for Sale
Catylist Listing ID: 30274800
Property Subtypes: Office Building
Building Size (RSF): 43,963 SF
Gross Building Area: See Agent
Gross Land Area: 99,621 SF
Sale Price: $3,650,000
Unit Price: $83.02 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/7/2018

Overview / Comments

999 Home Plaza is a 43,963 square foot multi-tenant office building located on the corner of Ansborough Avenue and San Marnan Drive in Waterloo. 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. Nine tenants, the largest of which accounts for 26.5 percent of the property, has a long established leasing history. Three additional tenants comprising an additional 34 percent of the square footage have been tenants since 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, Lowe's, Home Depot, Menards, Furniture Row, Walmart, Hy-Vee, Barnes & Noble, Bed Bath & Beyond, Best Buy and Target, as well as many other businesses.

Additional Details

Nearest MSA: Waterloo-Cedar Falls
County: Black Hawk
Tax ID/APN: 881304352071
Zoning: R-3, R-P

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,715 45,210 92,142
Median Age: 42.22 35.98 35.31
Households: 2,092 19,063 36,944


Photograph of Listing Agent

Tori Lockard

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