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255 Classic Car Court SW Cedar Rapids, IA 52404 Commercial - Business Active

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Description

255 Classic Car Ct SW is a fully leased industrial investment opportunity in southwest Cedar Rapids with excellent visibility from I-380 and quick access to both Highway 30 and I-380. The 4,800 SF flex building is now 100% occupied by two established tenants?JetSet Automotive/Duffy's Classic Cars, which recently signed a new 5-year lease with annual rent increases, and Keenan Auto, secured on a new 10-year term. The property features four drive-in bays and prominent monument signage along a corridor long associated with the automotive industry.

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1992

General Information

County: Linn
Listed By:
GLD COMMERCIAL 319-731-3400 Angie Glick
Cedar Rapids MLS
$545,000
Est. $3,531/mo
Active
SQUARE FEET4,800 MLS#2504383
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl & Ruhl Careers
563.441.1776

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255 Classic Car Court Sw, Cedar Rapids, IA 52404.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $545,000$545,000$545,000
Down Payment $109,000$19,075$136,250
Monthly Mortgage Amount $2,614$3,208$3,367
Taxes $758$758$758
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$240$0
Monthly Estimated Total $3,531$4,365$4,284

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