2937 Sierra Ct SW Iowa City, IA 52240

Building Details

Year Built

1999

Listing agency Skogman Commercial Group Iowa City M***@skogman.com Show Phone

Listed by Mark Lynch · License #IA S60565000

Source Crexi

Added: May 8 Updated: Jul 21 at 5:51AM Checked: Jul 21 at 5:51AM

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Investment Insights

Based on property information with market context.

This for-sale office investment opportunity totals 37,875 SF and is partially leased. The building benefits from large floor plates and flexible suite configurations, supporting a range of office, medical, service, or back-office uses. Current leasing includes established tenants such as University of Iowa Community HomeCare and Mass Markets, with vacancy remaining on the 2nd and 3rd floors.

The property is located at 2937 Sierra Ct SW in Iowa City, Iowa (52240). The mix of in-place income and additional leasing opportunity is a key component of the value-add positioning described in the offering materials, including a pro forma projection tied to reaching 80% occupancy.

Key Highlights

• 37,875 SF office building built in 1999
• Offered at $2.2 million ($58/SF)
• Partially leased to established tenants including University of Iowa Community HomeCare and Mass Markets

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FAQs

What type of property is this?

Office building - Substantially sized office building with large floor plates, partially leased, and remaining second/third floor vacancy.

Where is this office building located?

The property is located at 2937 Sierra Ct SW Iowa City, IA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 37,875 SF office building built in 1999; Offered at $2.2 million ($58/SF); Partially leased to established tenants including University of Iowa Community HomeCare and Mass Markets