Image (First Only)

General Information

Deedholder:

SHOPS AT CEDAR RAPIDS LLC

Doing Business As:

SEARS ROEBUCK CO.

Street Address:

4600 1ST AVE NE

Map Area:

LG DISCOUNT/DEPT/ANCHOR STORE

Location:

Urban

Class:

COMMERCIAL

Sale Details

Sale Date:

01/12/2024

Buyer:

SHOPS AT CEDAR RAPIDS LLC

Seller:

SERITAGE SRT FINANCE LLC

Sale Type:

Deed

Sales Code:

35 - Vacant building

Recording:

11522/47262

Amount:

$3,400,000

Multi-Parcel Sale Information:

Parcel Number	Address	Current Value
14024-26013-00000	4530 1ST AVE NE	$606,400
14024-26012-00000	4540 1ST AVE NE	$435,000

SP/SF*:

$24.28

SP/Unit:

$0.00

* price per SF is calculated as: Sale Price / (Total TLA of all Residential Dwellings + Total GBA of all Commercial Buildings)

Note: Agricultural Buildings and Yard Extras are excluded from calculation.

Building Information (First Only)

Number of Buildings:

3

Occupancy:

Shopping Center - Anchor Store

Year Built:

1960

Effective Age:

63

Number of Stories:

1

Condition:

Poor

Gross Building Area (GBA):

140,046

Basement Area:

0