3950 River Ridge DR NE, Cedar Rapids, IA 52402
3950 River Ridge DR NE, Cedar Rapids, IA 52402
3950 River Ridge DR NE, Cedar Rapids, IA 52402
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$1,575,000
Est. payment /mo
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9,936 SqFt
Active

3950 River Ridge DR NE Cedar Rapids, IA 52402

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Tim Scherbring

Tim Scherbring

+1(319) 361-5111

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 9,936 sqft

Price per Sqft $158

MLS Listing ID 2506600

HOA Y/N No

Total Fin. Sqft 9936

Year Built 1989

Annual Tax Amount $27,746

Lot Size 1.060 Acres

Acres 1.06

Property Sub-Type Investment

Property Description

A high-quality, fully leased office investment located in River Ridge Executive Park 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 premier association representing the commercial integration industry. Both tenants are secured under NNN lease structures, minimizing landlord responsibilities and providing stable income. The current offering provides investors a 7.6% cap rate. Positioned just off I-380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility. 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.

Location

State IA

County Linn

Area Ne Quadrant

Zoning TML

Interior

Interior Features InteriorFeatures

Heating Central

Cooling Central Air

Flooring Carpet

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Electricity Available, Natural Gas Available

Water Access Desc Public

Roof Type Membrane

Building

Building Description Steel, Multi-Tenant,Private Restrooms

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Steel

Others

Tax ID 14071-01007-00000

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2506600

Listed by GLD COMMERCIAL

NEARBY SCHOOL & BUSINESS

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Tim Scherbring

Tim Scherbring

Broker Associate | License ID: 61218000

+1(319) 361-5111

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3950 River Ridge DR NE