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Home For Sale Iowa Clive 6516
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Strip Center For Sale By Owner

PRIME WESTSIDE LOCATION IN CLIVE, IOWA (UNIVERSITY BLVD. PLAZA) OFFICE AND RETAIL PLAZA.




8435 University Blvd, Clive, Iowa 50325 United States
Description

Superb location!! University Blvd Plaza in the heart of beautiful Clive, Iowa. Well maintained, groomed, history of 100% occupancy's. Strong leases, with many long time business owners. Mixture of Retail businesses in front of plaza, and office businesses in back of Plaza.

*Well maintained Lit frontage and back of Plaza
* 100% occupied, with strong leases with increases. Currently Plaza leases range from 2022 to 2024 under contract signed tenants
*plenty of parking slots (42) with parking lot lights front and back of Plaza
*Well positioned Tower lit signage close to major East/West street
*Front of Plaza signage is lit above store owners suites. Back of Plaza has signage installed above suites, with attractive awnings.
* Steel erected, with driv-it exterior and brick. Interior is wood built out, for easy remodeling for business owners needs.
*Metal pitched roof
*8 out of 9 suites remodeled and paid by tenant (business owners) Suites show very nice!!
* Tenants suites are metered directly to each suite, paid by tenants. Water is pro-rated and charged back to tenants on quarterly basis.
*twice a year furnaces and A/C units are serviced and fee charged to tenants.
*CAM charged to tenants which helps pay snow and lawn care.
* Handicap bathrooms located in each suite
*Watered fire sprinkler system throughout
*Owner retiring, only reason for sale.

Location Description: *University Blvd. Street is a well traveled East and West road in Clive, Iowa. Approximately 10,219 vehicles per day, per 2019 data *Minutes away from major North and South road 86th Street in Clive, Iowa. Which has high volume of traffic. *Minutes away from interstate system and other shopping areas. *Clive is a low crime, well regarded suburb of Des Moines, Iowa, located of the Westside of Des Moines. *University Blvd Plaza has easy access turning from both East bound and West bound traffic.

Business included in Sale? Yes

Income/Expense Info: Actual

Financial: 2020

Gross Income: $110

Effective Gross Income: $110

Operating Expenses: $29

Net Operating Income: $80

Debt Information: Existing

Price: $1,100,000
Property Sub-Type: Strip Center
Cap Rate: 7.3 %
Total Building Size: 8000 SF
Total Lot Size : 37,949 SF
Year Built : 1997
No of Stories: 2
No of Parking Stalls: 42
Occupancy: 100 %
Listing ID: 6516

Map of: 8435 University Blvd, Clive, Iowa 50325 United States

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