5000 TREMONT Avenue $6,750,000

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    5000 TREMONT Avenue Davenport, IA 52807

    Closed
    SOLD 7/8/2021

    $6,750,000

    • 12.34 Acres
    • Commercial
    • MLS# QC7042101
    5000 TREMONT Avenue, Davenport, IA 52807
    Full gallery available exclusively for members
    Listing provided courtesy of: NAI Ruhl Commercial Company, Charles Armstrong
    Sold by: NAI Ruhl Commercial Company
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    Property Details

    Investment Sale - 5000 Business Park is a first-class 120,000 SF business park, located on 12.34 acres in Davenport, IA. It was built from 1994 - 2002 and consists of five separate buildings with a mix of 30 industrial flex and office tenants from less that 1,000 SF to 9,040 SF. Tenants range from international and national publicly listed companies to regional and local companies. The bulk of the leases are three to five year triple-net leases and the property is managed by a local property management company. This investment property has a proforma NOI of $563,008 and is offered for sale at $7,765,000 (7.25% CAP rate).

    • General Features
      • Annual Tax Amount 205504
      • Location Industrial Park,Office Park
      • Ownership Type LLC
      • Sale Lease Includes Building,Business,Land
      • Tax Year 2018
      • Year Built 2002
      • Zoning M-1
    • Building Features
      • Building Area Total 120500
      • Insulation Roof,Side Walls,Party Walls
    • Property Features
      • Lot Size Acres 12.34
      • Parking Total 573

    Neighborhood

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    Market Last 30 Days In This Postal Code

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    Property History

    Date Event Price Percent Change
    -- New in Database Source: Multiple Listing Service New Value: $0 -100%
    7/8/2021 2:00:00 AM Sold Source: Multiple Listing Service New Value: $6,750,000
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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.