For Sale $4,300,000
Property Type Office - General Office
Property Size 37,016 SF
Lot Size 3.82 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Building Class B
Year Built 1999
Date Updated Nov 13, 2024

The property is located in a well located office park adjacent to Skyworks Solutions and near the newly built Hilton Garden Inn, easily accessed off Hwy 100.The property is a 37,016 square foot flex-office building situated on 3.82 acres in Cedar Rapids, IA and leased to Wabtec Corporation. Wabtec recently demonstrated its commitment to the property by extending the lease for another 5 years, currently expiring on June 30, 2029. The lease contains an annual rent escalation of 3.5% along with two (2) three (3) year extension options. The property was originally designed and constructed for RELCO Locomotives, a predecessor to Wabtec Corporation, in 1999. Wabtec Corporation is a global company that provides equipment, systems, and services for the transportation industry. Wabtec acquired RELCO Locomotives, a company that provides locomotive leasing, rebuilding, and repair services. Wabtec's acquisition of RELCO expanded their freight services capabilities and capacity.

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Attachments

Offering Memorandum (L) (PDF) opens in new window

Highlights

37,016 SF flex/office building
Leased to Wabtec Corporation

Contacts

Dave Drown, SIOR, CCIM

GLD Commercial

Location

Getting Around

Walk Score ®
6/100 Car-Dependent
Transit Score ®
20/100 Minimal Transit
Bike Score ®
24/100 Somewhat Bikeable

Map
Street

City Cedar Rapids, IA
Zip Code 52411

Points of Interest

Hy-Vee Gas

0.74 miles
Kwik Star

0.78 miles
BP

1.53 miles
Fas Fuel

1.78 miles
Casey's General Store

1.91 miles
KwikShop

2.30 miles
Kwik Trip

2.44 miles
Sierra Convenience

2.77 miles
ChargePoint

3.51 miles
Tesla Destination Charger

4.72 miles

27th Street Lot

3.48 miles
Lower Andreas Lot

3.57 miles
Upper Andreas Lot

3.58 miles
Prairie Drive Lot

3.61 miles
Lot 10

4.01 miles
Lot 9

4.04 miles
Lot 12

4.04 miles
Five Seasons Parking Ramp

4.10 miles
May's Island Ramp

4.27 miles
Lot 3

4.28 miles

Hilton Garden Inn Cedar Rapids

0.33 miles
Days Inn & Suites Cedar Rapids

2.01 miles
Comfort Inn & Suites

2.18 miles
Country Inn & Suites By Carlson, Cedar Rapids North

2.27 miles
Residence Inn Cedar Rapids

2.34 miles
Holiday Inn Express Cedar Rapids (Collins Road)

2.93 miles
La Quinta Inn & Suites Cedar Rapids

3.00 miles
Cedar Rapids Marriott

3.05 miles
Homewood Suites by Hilton Cedar Rapids North

3.09 miles
Hampton Inn & Suites Cedar Rapids - North

3.16 miles

McDonald's

0.59 miles
The Weather Vane

0.59 miles
Panchero's Mexican Grill

0.61 miles
Blimpie

0.61 miles
Zeppelin's

0.62 miles
La Cantina Bar N Grill

0.66 miles
Paradise Bar & Grill

0.67 miles
Olive's Oil

0.68 miles
PepperJax Grill

0.68 miles
The Donut Experiment

0.69 miles

Xavier High School

0.68 miles
Viola Gibson Elementary School

0.69 miles
John F Kennedy High School

1.62 miles
Hiawatha Elementary School

1.76 miles
Pierce Elementary School

1.84 miles
Nixon Elementary School

2.44 miles
Isaac Newton Christian Academy

2.61 miles
Saint Pius School

2.69 miles
Wright Elementary School

2.81 miles
Madison Elementary School

2.97 miles

Hiawatha Day School

1.24 miles
Mother Goose Day Care

1.43 miles
Apple Kids Child Care

2.90 miles
La Petite Academy

2.90 miles
Saving Grace Childcare

3.03 miles
Jungle Friends Child Care

3.29 miles
Little Learners Christian Preschool

4.07 miles
Play Station

4.22 miles
Apple Kids

5.62 miles

Frequently Asked Questions

How much does Wabtec Building cost?

The space currently listed for sale at Wabtec Building asks for $4,300,000.

What is the total square footage of Wabtec Building?

Wabtec Building totals 37,016 square feet.

When was this property built?

Wabtec Building was built in 1999.

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