Commercial - Centerville, IA
Drake Village is a 14,000 Square ft. mix use building with office space, commercial retail space and storage units. The current tenant mix are 6 retail spaces and 2 offices, there are 32 smaller storage units and 2 larger storage units. Total Gross rents are $63,960 a year. Owner has moved and wants to relocate the investment dollars. 2016 Actual gross rents were $56,917.91 with a net of $45,545.00. There are opportunities to get the actual rent much closer to the projected rents which would increase both the top line and bottom line.
Would you like more information regarding this property?
Please call (641) 437-1060.
Data Provided by:
Southeast Iowa Regional MLS