5000 TREMONT Avenue, Davenport, IA 52807 | QC7042101 | Mel Foster Brokerage, LLC

5000 TREMONT Avenue $7,765,000

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    5000 TREMONT Avenue Davenport, IA 52807

    Pending (No Showings)
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    • 12.34 Acres
    • Commercial
    • MLS# QC7042101
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    Views: 2396 Days On Site: 344

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    Property Details

    Investment Sale - 5000 Business Park is a first-class 120,000 SF business park, located on 12.34 acres in Davenport, IA. It was built from 1994 - 2002 and consists of five separate buildings with a mix of 30 industrial flex and office tenants from less that 1,000 SF to 9,040 SF. Tenants range from international and national publicly listed companies to regional and local companies. The bulk of the leases are three to five year triple-net leases and the property is managed by a local property management company. This investment property has a proforma NOI of $563,008 and is offered for sale at $7,765,000 (7.25% CAP rate).

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    • Mel Foster Insurance

    Neighborhood

    52807 (Davenport) Demographics

    37 Median Age
    510 Population Density (per sq. mile)
    57% College Educated
    $54,894 Estimated Median Income
    3,222 Estimated Total Home Owners
    3,362 Estimated Total Renters
    49% / 51% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    15,054 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $295,250 Median Sales Price
    19 Homes Sold
    30 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $7,765,000
        5/4/2021 10:09:48 AM Status Changed Source New Value: Pending (No Showings)
        6/4/2020 5:45:00 PM New in Database Source New Value: $7,765,000

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        The data relating to real estate for sale on this website is provided in part by RMLS Alliance, INC. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2021 All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.