For Sale
Request a price111 State St Mason City, IA 50401
Prime Executive Office, NNN Lease, Iowa
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Class A, single-tenant, net-leased executive office building in Mason City, IA.
- 113,022 square foot building on an 8.21-acre lot, built in 1990, renovated in 2018.
- 100% occupied by Principal Life Insurance Company under a lease expiring December 31, 2024, with two 5-year renewal options and 1% annual rent bumps.
- $1,187,861 annual net operating income (NOI); $10.51 average rent per square foot.
- Six-story building, Z-5 zoning. Landlord responsible for roof, foundation, utilities, structure, and exterior walls.
Property Details for 111 State St
- Property type
- Office properties
- Square Feet
- 113,022 SF
- Class
- A
- Year Built/Renovated
- 1990/2018
- Buildings
- 1
- Stories
- 6
- Lot Size (sq. ft)
- 357,628 SF
Location Insight
- City
- Mason City
- County
- Cerro Gordo
- State
- Iowa
- Latitude
- 43.151409
- Longitude
- -93.2034931
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Prime Executive Office, NNN Lease, Iowa
- Where is the office property located?
- The property is located at 111 State St Mason City, IA.
- What are key features of this property?
- This property features: Class A, single-tenant, net-leased executive office building in Mason City, IA.; 113,022 square foot building on an 8.21-acre lot, built in 1990, renovated in 2018.; 100% occupied by Principal Life Insurance Company under a lease expiring December 31, 2024, with two 5-year renewal options and 1% annual rent bumps.
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