5000 TREMONT Avenue $7,765,000

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    5000 TREMONT Avenue Davenport, IA 52807

    • 120,500 sq.ft.
    • 12.34 Acres
    • Commercial
    MLS# 7040307 | Active

    $7,765,000

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    Days On Market: 88 9 Views
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    Property Details

    Investment Sale - 5000 Business Park is a first-class 120,000 SF business park, located on 12.34 acres in Davenport, IA. It was built from 1994 - 2002 and consists of five separate buildings with a mix of 30 industrial flex and office tenants from less that 1,000 SF to 9,040 SF. Tenants range from international and national publicly listed companies to regional and local companies. The bulk of the leases are three to five year triple-net leases and the property is managed by a local property management company. This investment property has a proforma NOI of $563,008 and is offered for sale at $7,765,000 (7.25% CAP rate). Please call broker for further details.

    • General Features
      • Area Davenport NE1/4, N of Kimberly-E
      • Class OFFICE PROPERTY
      • For Lease Y/N No
      • Location Industrial Park, Office Park
      • Owner Pays Structural Maintenance, Water/Sewer
      • Ownership L.L.Corp
      • Sale Lease Includes Land, Building, Business
    • Building Features
      • Amenities Cable, Fiber Optics
      • Cooling Central
      • Exterior Finish Stucco, Steel
      • Floor Construction Reinforced Concrete
      • Roof Construction Membrane, Flat, Sloped
      • Wall Construction Frame, Steel/ST Frame
    • Property Features
      • Frontage Access Paved 2Lane, City Street
      • Heating Forced Air, Gas, Individual Units
      • Insulation Roof, Side Walls, Party Walls
      • Sewer City Sewer
      • Water Supply Municipal

    Contact

    Yo Phelps

    Real Estate Consultant, licensed IA & IL

    Iowa

    RE/MAX Concepts

    Cell: 563-723-2814

    Neighborhood

    52807 (Davenport) Demographics

    37Median Age
    510Population Density (per sq. mile)
    57%College Educated
    $54,894 Estimated Median Income
    3,222Estimated Total Home Owners
    3,362Estimated Total Renters
    49% / 51%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    15,054Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $275,000 Median Sales Price
    11 Homes Sold
    39 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $7,765,000
        3/28/2019 5:22:00 PM New in Database Source

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        The data relating to real estate for sale on this website comes in part from the IDX program of the Quad Cities Area REALTORĀ® Association. IDX information from this property search is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.