20 Pearl St Council Bluffs, IA 51503

This 8,800 square foot, two-story office building at 20 Pearl Street in Council Bluffs, Iowa, is available for sale with a leaseback option. The property, built in 1920, features 4,400 square feet of net rentable space and is currently 100% occupied by a long-established, reputable Certified Public Accounting firm with deep community ties. The building boasts several private offices, a reception area, two walk-in safes, and three restrooms. A full basement and four parking spaces are also included. The property sits on a 5,600 square foot lot and is zoned C-4. The asking price is $550,000, representing a price per square foot of $62.50 and a pro-forma cap rate of 0.98%. The pro-forma NOI is $5,400. This is a unique opportunity to acquire a well-located, income-producing property in a thriving downtown area with a built-in tenant. The lease is a NNN (triple net) lease.