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2937 Sierra Ct Sw, Unit Entire Bui, Iowa City, IA 52240.
Value add investment. 37,875 SF office investment opportunity offered at $2.2 million ($58/SF), an extremely competitive price point for a building of this size in Iowa City. The property is partially leased to established tenants including University of Iowa Community HomeCare and Mass Markets, creating in-place income with significant upside through lease-up of the remaining 2nd and 3rd floor vacancy. Large floor plates and flexible suite configurations allow for a variety of office, medical, service, or back-office users. Rare opportunity to acquire a substantial commercial building with immediate income. At 80% occupancy the building could be worth $3.0 mil at an 9% cap rate, see attached Proforma.
MLS ID: 202603021
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2937 Sierra Ct Sw, Unit Entire Bui, Iowa City, IA 52240.

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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,200,000 | $2,200,000 | $2,200,000 |
| Down Payment | $77,000 | $0 | $440,000 |
| Monthly Mortgage Amount | $13,125 | $13,655 | $10,694 |
| Taxes | $3062 | $3062 | $3062 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,320 | $0 | $0 |
| Monthly Estimated Total | $18,149 | $17,359 | $14,398 |