111 W State St, Mason City, IA 50401
OFFICE For Sale For LeaseFloors: 6
Class: A
| Space | Size | Type | Pricing |
|---|---|---|---|
| Office Property for Sale & Lease | SALE | Contact for pricing | |
| Office Property for Lease & Sale | LEASE | $12.00 ANNUAL/SF |
Patrick Graham - SVN Create
PHONE: 5154947284
PHONE: 5154947284
Heath Bullock - SVN Create
PHONE: 5155547412
PHONE: 5155547412
OFFERING SUMMARY • Sale Price: $16,000,000 • Building Size: 113,022 SF • Lot Size: 8.21 Acres • Price / SF: $141.57 • Cap Rate: 7.42% • NOI: $1,187,872 • Year Built: 1990 • Renovated: 2018 • Zoning: Z-5 Central Business District • Market: Mason City • Submarket: CBD PROPERTY OVERVIEW Single-tenant NNN office lease with Principal Life Insurance Company with just over 4 years remaining on lease. The Mason City market labor force serves as Principal Financial Group's pension account services. This investment opportunity includes annual rent increases of 1%. The Landlord is responsible for roof, foundation, underground, structural and exterior walls.