723 Pacha Pkwy North Liberty, IA 52317-4796
- Retail space
- 1,444 SF
- 0.03 lot acres
Current Use by Public Records
- Retail space
Property Details for 723 Pacha Pkwy
- Year built
- 2012
- Construction
- STEEL FRAME
- Lot size
- 0.03 lot acres
- Property size
- 1,444 SF
- Property type
- Retail space
- APN
- 612156005
- APU
- 612156005
Description
This exceptional retail investment opportunity encompasses a 59,902 square foot commercial complex situated at 723, 725, and 720 Pacha Pkwy in North Liberty, Iowa, zip code 52317, within Johnson County. The property consists of six separate buildings housing 35 condo suites, operating under two condominium regimes. Parcel numbers are 0612156005-56041. Buildings were constructed between 2007 and 2014. The property is currently leased to multiple tenants under NNN leases, offering long-term stability. The complex benefits from a strong location in an established neighborhood with numerous existing businesses, schools, and residential areas, including over 200 new homes and 30 new businesses in the immediate vicinity. Financial highlights include an operating expense ratio under 31%, a 6% cap rate, and a 6% cash-on-cash return. Property taxes (based on 2021 evaluations) totaled $249,980, and CAM charges currently stand at $95,628.00. The property's diverse tenant mix includes bars, restaurants, and storefronts. A minimum 48-hour notice is required for showings to accommodate tenant schedules. Further financial details are available upon request for qualified buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Liberty
- County
- Johnson
- State
- Iowa
- Longitude
- -91.6068
- Latitude
- 41.7542
- CBSA code
- 26980
- CBSA name
- IOWA CITY, IA METROPOLITAN STATISTICAL AREA
