999 Home Plz Waterloo, IA 50701-4822

This exceptional Class A office building, located at 999 Home Plaza in Waterloo, Iowa, presents a compelling investment opportunity. The property boasts 43,963 square feet across three stories, situated on a 2.84-acre lot zoned R-3 and R-P. Built in 1979, the single building enjoys a highly visible corner location at the intersection of San Marnan Drive and Ansborough Avenue, offering excellent access and exposure. Currently operating under a modified net lease with multiple tenants, the building maintains a strong 94% occupancy rate. The asking price is $2,650,000, translating to a price per square foot of $60.28 and a projected cap rate of 7.80%. This makes it an attractive investment for those seeking a stable, high-performing asset in a desirable location. The property's executive office subtype caters to a sophisticated tenant base, further enhancing its long-term value and potential for appreciation. The building's solid construction and prime location in Black Hawk County, Iowa, with a 50701 zip code, contribute to its enduring appeal. This is a rare opportunity to acquire a well-established, multi-tenant office building with significant upside potential.