3950 River Ridge Dr NE, Cedar Rapids, IA 52402
OFFICE For SaleYear Built: 1989
Floors: 1
Class: B
| Space | Size | Type | Pricing |
|---|---|---|---|
| Office Building Investment Opportunity for Sale | SALE | $1,575,000.00 |
Adam Gibbs - GLD Commercial
PHONE: 3197313415
Michael Gibbs - GLD Commercial
PHONE: 3197313417
Location Overview Located in the prestigious River Ridge Executive Park in Cedar Rapids, Iowa. Strategically positioned just off I380 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. Property Overview A high-quality, fully leased office investment 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 7.88% capitalization rate, making this an attractive opportunity for those seeking strong cash flow in a mature professional office corridor. 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. • Fully leased office investment property • 7.88% cap rate • Strong tenant roster • Priced well below replacement cost