3727-3731 University Ave
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3727-3731 University Ave
66,300 SF 100% Leased Retail Building Waterloo, IA 50701 $11,754,069 CAD ($177 CAD/SF) 7.25% Cap Rate
Investment Highlights
- High-traffic location on University Ave. in Waterloo, near major retailers and serving both Waterloo and Cedar Falls.
- Strong tenant mix with long-term leases, anchored by a regional hospital and top-performing trampoline park, plus development potential on a 1-acre ou
Executive Summary
This property consists of four tenants with long-term leases in place for the medical office anchor. With the major anchor consisting of a regional hospital and fully renovated to Class A office and hospital grade construction throughout. Boasting a trampoline park that ranks in the top 20% for sales in the country and the nearest similar attraction 55 miles away coupled with an appliance sales tenant who has been located at the property for over 20 years. This property additionally has the ability to optimize the site by developing the 1-acre out-lot for increased income and profit.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
66,300 SF
Building Class
C
Year Built/Renovated
1966/2018
Price
$11,754,069 CAD
Price Per SF
$177 CAD
Cap Rate
7.25%
NOI
$852,170 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Land Acres
6.76 AC
Zoning
C-2
Parking
288 Spaces (4.34 Spaces per 1,000 SF Leased)
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3727-3731 University Ave
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