3727-3731 University Ave Waterloo, IA 50701

This exceptional Class A, 66,345 square foot executive office complex in Waterloo, IA, presents a compelling investment opportunity. Located at 3727-3731 University Ave, this stabilized property boasts a 7.25% cap rate and a strong NOI of $598,541. The property features four tenants with long-term NNN leases (12 years remaining), including a regional hospital and a top-performing trampoline park, ensuring consistent income. The building, originally constructed in 1966 and extensively renovated in 2018, offers hospital-grade construction throughout. One tenant, an appliance retailer, has occupied the space for over two decades. The property sits on a 7.24-acre lot, including a one-acre out-lot with significant development potential for increased revenue. The high-traffic location on University Avenue provides excellent visibility and accessibility, serving both Waterloo and Cedar Falls. This multi-tenant property offers a diverse and resilient income stream, making it an ideal investment for discerning buyers seeking a high-performing asset in a prime location. The property is zoned commercial and offers 100% occupancy with credit-rated tenants. The asking price is $8,357,558, translating to $125.97 per square foot.