Daily limit: 0/10
Northland Square Shopping Center Sold For $17.5M In Cedar Rapids With Bill Asher & Jeff Lefko As Seller's Reps
SOLD
$17,500,000
Retail106,500 SF
Sold 03/18/2025
SOLD
Northland Square Shopping Center Sold For $17.5M In Cedar Rapids With Bill Asher & Jeff Lefko As Seller's Reps
367 Collins Road Northeast
See Similar DealsRetail106,500 SF
Sold 03/18/2025
Summary
IOWA
Asset Type:Retail
Price Per Square Foot:$164
Total Square Footage:106,500 SF
Transaction Type:Sale
A retail shopping center located at 367 Collins Road Northeast in Cedar Rapids, IA, was sold for $17,500,000. The asset spans 106,500 square feet and has a price per square foot of $164.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,500,000
- Address: 367 Collins Road Northeast, Cedar Rapids, IA
- Market: Cedar Rapids, IA
- Square Footage: 106,500
- Price Per Square Foot: $164
The sale was facilitated with representation from Douglas Fielding of Marcus & Millichap for the buyer, while the seller was represented by Bill Asher and Jeff Lefko of Hanley Investment Group. Hanley Investment Group arranged the $17.5 million sale of Northland Square, a fully occupied shopping center.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
Is there something missing? Send suggestions