3950 River Ridge Drive NE, Cedar Rapids, IA 52402
MLS Number: 2506600 |
Subtype: Commercial | Area: NE Quadrant
$
1,630,000
A high-quality, fully leased office investment located in River Ridge Executive Park occupied by two well-established tenants: Advancement Resources, a global leader in professional development and philanthropic strategy, and the National Systems Contractors Association (NSCA), the premier association representing the commercial integration industry. Both tenants are secured under NNN lease structures, minimizing landlord responsibilities and providing stable income. The current offering provides investors a 7.6% cap rate. Positioned just off I-380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility. The area is home to a diverse mix of corporate offices, financial institutions, and professional service firms, with nearby amenities including restaurants, hotels, and retail centers serving the robust NE Cedar Rapids business district.
Property
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County: Linn
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Lot Size: 1.06 Ac
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Acres: 1.0600
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Year Built: 1989
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Zoning: TML
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Gross tax: $27,746.00
Building
Total Building SF: 9,936
Ceiling Height: 11ft-14ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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