1 Peregrine Way Cedar Falls, IA 50613

48,520 SF 20 ac lot Built 2008

Entity Owned 13-yr Hold ~ Est. High Equity

Property ID

US25-0432259

$14,000,000 48,520 SF

1 Peregrine Way, Cedar Falls, IA 50613
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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.