Sale Price $1,575,000 - MLS: 202605245
A high-quality, fully leased office investment located in the prestigious River Ridge Executive Park in Cedar Rapids, Iowa. The building is 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 nation's premier association representing the commercial integration industry. Both tenants are secured under triple net (NNN) lease structures, minimizing landlord responsibilities and providing stable, predictable income. The current offering provides investors with a 7.6% capitalization rate, making this an attractive opportunity for those seeking strong cash flow in a mature professional office corridor. Strategically positioned just off I-380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility in a thriving business park setting. 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. With its strong tenant roster, low-maintenance lease structure, and prime location, 3950 River Ridge Dr NE is an exceptional addition to any commercial real estate investment portfolio.
MLS #: 202605245
Sale Price: $1,575,000
Year Built: 1989
Sq Ft: 9936.0
Business: Office Building
Construction: Steel Or Metal
Floor Type: Carpet
Financing:
Utilities: Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Acreage: 1.06
Lot:
Frontage: County Road, Paved
Energy Generation:
Heat/Cooling: Central, Central Air
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: GLD Commercial Real Estate Advisors - Agent: Adam Gibbs - Information furnished by Iowa City Area Association of Realtors