Leased office builiding fully renovated in 2008. Owner is occupying 1,375 feet and will vacate upon sale. Re-lease rate is $11.50 NNN. Building is covered by flood insurance, and City is buiding a levy from Hills Bank to the RR bridge west of this building. 11,700 cars per day on Gilbert Street. Over 9% cap rate with actual numbers after owner suite is re-leased.
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