999 Home Plaza, Waterloo, 50701

Commercial - Office For Sale

$3,650,000

Beds
Baths
43,963Sqft
2.29Acres
Built
MLS® #: 20182132
Active

999 Home Plaza is a 43,963-square-foot multi-tenant office building located on the corner of Ansborough Ave and San Marnan Dr, in Waterloo, Iowa. At over 95% leased, this investment opportunity is situated along the gateway to Waterloo’s growing business park. Surrounded by the newly expanded VGM corporate offices, Sunnyside Golf Course, a large residential population, and the newly constructed Kwik Star, 999 Home Plaza is perfectly positioned to capture in-town and visiting consumers alike. 999 Home Plaza is a three-story office complex that is currently 95.2 % leased. Nine tenants, the largest of which accounts for 26.5 percent of the property and has a long established leasing history. Three additional long-term tenants comprising an additional 34 percent of the square footage who have had a lease commencement date starting in 2001.These additional tenants also plan to stay long term and have leases extending through 2020. This is a rare opportunity to own an important local office asset with stable cash flows in close proximity to Crossroads Mall, Sam’s Club, Lowes, Home Depot, Menards, Furniture Row, Walmart, Hy-Vee, Barnes and Noble, Bed Bath and Beyond, Best Buy, and Target, just to name a few.

Essential Information

MLS® #: 20182132
Price: $3,650,000
Square Footage: 43,963
Acres: 2.29
Type: Commercial
Sub-Type: Office
Status: Active

Community Information

Address: 999 Home Plaza
Area: Black Hawk
City: Waterloo
State: IA
Zip Code: 50701

Additional Information

Zoning: R-3, R-P

Listing Details

Listing Agent: Victoria Lockard
Listing Office: Lockard Realty Company

Financials

$/SqFt: $83

IDX Data comes from Northeast Iowa Regional Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated on December 9th, 2018 at 4:07pm CST.