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3950 River Ridge Drive NE Cedar Rapids, IA 52402 Commercial - Business Active

  • 3950 River Ridge Drive Ne, Cedar Rapids, IA 52402 Main Photo

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Description

A high-quality, fully leased office investment located in River Ridge Executive Park occupied by two well-established tenants: Advancement Resources, a global leader in professional development and philanthropic strategy, and the National Systems Contractors Association (NSCA), the premier association representing the commercial integration industry. Both tenants are secured under NNN lease structures, minimizing landlord responsibilities and providing stable income. The current offering provides investors a 7.6% cap rate. Positioned just off I-380 and Collins Road/Highway 100, this property offers excellent accessibility and visibility. The area is home to a diverse mix of corporate offices, financial institutions, and professional service firms, with nearby amenities including restaurants, hotels, and retail centers serving the robust NE Cedar Rapids business district.

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1989
Lot Size: 1.06 acres

General Information

County: Linn
Listed By:
GLD COMMERCIAL Adam Gibbs 319-731-3400
Cedar Rapids MLS
$1,575,000
Est. $10,512/mo
Active
SQUARE FEET9,936 MLS#2506600
STATUSActive PROPERTY TYPECommercial - Business

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Ruhl&Ruhl Realtors
563.441.1776

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3950 River Ridge Drive Ne, Cedar Rapids, IA 52402.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,575,000$1,575,000$1,575,000
Down Payment $55,125$0$315,000
Monthly Mortgage Amount $9,522$9,906$7,861
Taxes $2192$2192$2192
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $945$0$0
Monthly Estimated Total $13,118$12,557$10,512

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