1 Peregrine Way Cedar Falls, IA 50613-4707

Property Details for 1 Peregrine Way

Year built

2008

Lot size

20.00 lot acres

Property size

48,520 SF

Property type

Office buildings

APN

9014-29-476-006

APU

901429476006

Description

This exceptional Class A, 48,520-square-foot executive office building in Cedar Falls, Iowa, presents a unique owner-user or investment opportunity. Built in 2008, this two-story property sits on 22.07 acres and boasts a LEED Gold Certification. The building features a state-of-the-art design with high-end finishes including bamboo flooring, cork accents, and natural stone. Amenities are extensive and include a cafeteria, childcare center, employee fitness center with sauna and locker rooms, and a gated entry for enhanced security. The property is equipped with geothermal heating, a fresh-air circulation system, a backup diesel generator, and a private septic system. A wet sprinkler system and an Argon fire suppression system in the data center ensure safety. Parking is ample with 43 underground spaces and an additional 108 spaces in a heated, permeable exterior lot. A convenient loading dock facilitates shipping and receiving. The flexible interior layout, featuring modular wall panels and a 3-foot crawlspace for easy electrical repositioning, allows for adaptable configurations to suit various business needs. Cedar Falls' renowned 10-gig high-speed internet access provides unparalleled connectivity. The asking price is $6,500,000, with a pro-forma cap rate of 7.05% and a pro-forma NOI of $458,514. Currently vacant, this property offers an unparalleled opportunity for a discerning buyer seeking a premium, all-inclusive workspace. The permitted zoning is commercial.

Location Insight

City

Cedar Falls

County

Black Hawk

State

Iowa

Longitude

-92.5172

Latitude

42.5711

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments