Berkshire Hathaway First Realty Home Services
  • Active
  • NEWLY PRICED $150,000
  • Luxury
  • Pending
  • New Listing 03/25/2016
  • Open House 
  • Sold
  • Rental

1106 W Park Street, Other, IA 59047

  • 0Beds
  • 0Baths
  • 47,777 Sqft
  • $3,350,000

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Details

  • Listing ID: 514085
  • County: Kossuth
  • Style:
  • Year Built:
  • New Construction: No
  • Home Warranty: No
  • Property Class: Commercial
  • School District:

Property Description


Peoples Company is pleased to exclusively represent the Yellowstone Gateway Mall, a 47,777 square foot multi-tenant retail center in Livingston, MT. The center offers a strong mix of national and local tenants including The UPS Store, Yellowstone Gifts and Sports, Aestetic Oral Arts, Crust and Crumb Bakery, Pony Express Lube and Upper Cut Salon. The center is anchored by a newly renovated and expanded Ace Hardware store occupying over 15,000 square feet with a lease extending through 2024 and additional renewal options through 2034. The leases feature rental increases of up to 10% and staggered lease expirations providing investors a strong and stable return. Expenses are shared between tenants, neighboring Shopko and Landlord. Current vacancy of 10,500 square feet provides tremendous upside potential as 2015 CAP rate approached 4%. The property is projected to cap at 6.5% when fully leased and before scheduled rate increases take effect.

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  • For more information on this property, call Berkshire Hathaway HomeServices First Realty at (515) 453-7107

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  • Property type : Commercial
  • Status : Active
  • MLS# 514085
  • List price is $3,350,000
  • Beds : 0
  • Baths : 0 (0 full)
  • Built in
  • 47,777 sqft
  • Stories
  • County : Kossuth
  • Air ConditioningCentral
  • Assn Fee YN0
  • Baths Full0
  • Baths Half0
  • Building Sqft47777
  • DirectionsTake Park St. Exit from I-90 west to property on right
  • Gross Taxes45693.05
  • HeatGas
  • IDX Opt In YN1
  • Net Taxes45693.05
  • Partial Bath Total0
  • RemarksPeoples Company is pleased to exclusively represent the Yellowstone Gateway Mall, a 47, 777 square foot multi-tenant retail center in Livingston, MT. The center offers a strong mix of national and local tenants including The UPS Store, Yellowstone Gifts and Sports, Aestetic Oral Arts, Crust and Crumb Bakery, Pony Express Lube and Upper Cut Salon. The center is anchored by a newly renovated and expanded Ace Hardware store occupying over 15, 000 square feet with a lease extending through 2024 and additional renewal options through 2034. The leases feature rental increases of up to 10% and staggered lease expirations providing investors a strong and stable return. Expenses are shared between tenants, neighboring Shopko and Landlord. Current vacancy of 10, 500 square feet provides tremendous upside potential as 2015 CAP rate approached 4%. The property is projected to cap at 6.5% when fully leased and before scheduled rate increases take effect.
  • SewerCity
  • Sq Ft Total47777
  • Terms AvailableCash, Conventional
  • WaterCity
  • Bedrooms
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    • 0
    • 0
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    • 0
    • 0
    • 0
    • 0
  • Bathrooms
  • Full
  • Partial
  • Half
    • 0
    • 0
    • 0
    • 0
    • 0
    • 0
    • 0
    • 0
    • 0
    • 0
    • 0
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Structure

  • Development

Size & Lot

  • Building SF47777
  • Total Finished SF0

Utilities

  • HeatGas
  • Air ConditioningCentral
  • WaterCity
  • SewerCity

Tax & Terms Information

  • Gross Taxes$45693.05
  • Net Taxes$45693.05
  • Terms AvailableCash, Conventional

Directions

  • Take Park St. Exit from I-90 west to property on right

Association Fees

  • $

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Walking Score

Walk Score

4/100

Car-Dependent

Travel Score

Transit Score

4/100

Car-Dependent

Listing courtesy of:  Peoples Company
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