Gold LEED Certified Office
1 Peregrine Way Cedar Falls, IA 50613
New
1 Peregrine Way, Cedar Falls, IA, 50613
$14,000,000
For Sale
$14,000,000
2008-built LEED-certified office campus with geothermal systems, atrium entrance, and underground parking.
Property Size78,250 SF
Lot Size22.00 Acres
Price / SF$178.91
Days on Market3
Property Features for 1 Peregrine Way
General Information
- Standard status
- Active
- Size
- 78,250 SF
- Lot size
- 22.00 Acres
Building Details
- Year Built
- 2008
Listing agency
KW Elite powered by KW 1Advantage
(563) 663-2400
Listed by
Dianne Granger
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 23 at 2:54AM Checked: Jul 23 at 2:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Elite powered by KW 1Advantage
Investment Insights
Based on property information with market context.
Built in 2008, this Gold LEED Certified office campus is offered as a cohesive corporate headquarters setting. The property includes a 78,000-square-foot facility featuring a two-story atrium entrance with 40-foot floor-to-ceiling glass walls, granite flooring, Italian marble, bamboo flooring, and local limestone. Flexible glass wall systems support adaptable office configurations, with conference rooms and executive offices throughout. Building systems include geo-thermal heating and cooling, radiant heat, remote-controlled systems, and separate IT fire control systems. Additional infrastructure includes a CAT C27 backup generator and a 25,000-gallon underground emergency water system, supported by heated underground parking and gated key-card security.
The campus is situated on 22 secluded acres beside Beaver Hills Golf Course and includes a full cafeteria with walk-in refrigeration, expansive server storage, and an amenities package that lists a fitness center, sauna, locker rooms, fresh air systems, and illuminated walking paths.
The property also includes daycare facilities for infants through kindergarten, along with rooftop greenspace potential.
The campus is situated on 22 secluded acres beside Beaver Hills Golf Course and includes a full cafeteria with walk-in refrigeration, expansive server storage, and an amenities package that lists a fitness center, sauna, locker rooms, fresh air systems, and illuminated walking paths.
The property also includes daycare facilities for infants through kindergarten, along with rooftop greenspace potential.
Key Highlights
- 2008‑built Gold LEED Certified corporate headquarters on 22 secluded acres beside Beaver Hills Golf Course
- 78,000 SF facility designed for approximately 300 employees, with a two‑story atrium entrance and 40‑ft floor‑to‑ceiling glass walls
- Geo‑thermal heating and cooling plus radiant heat; heated underground parking and advanced remote‑controlled building systems
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $901.4k | $11.52 |
| − Vacancy | −$218.1k | −$2.79 |
| EGI | $683.3k | $8.73 |
| − OpEx | −$170.8k | −$2.18 |
| NOI | $512.5k | $6.55 |
78,250 SF · lease $11.52/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.32M
$6.41M – $8.54M
NOI $512,469 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$98.09M
$85.83M – $114.44M
NOI $6,866,438 @ 7.0% cap · market cap 49.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - 2008-built LEED-certified office campus with geothermal systems, atrium entrance, and underground parking.
Where is this office building located?
The property is located at 1 Peregrine Way Cedar Falls, IA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 2008‑built Gold LEED Certified corporate headquarters on 22 secluded acres beside Beaver Hills Golf Course; 78,000 SF facility designed for approximately 300 employees, with a two‑story atrium entrance and 40‑ft floor‑to‑ceiling glass walls; Geo‑thermal heating and cooling plus radiant heat; heated underground parking and advanced remote‑controlled building systems
