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. The RELCO acquisition expanded their freight services capabilities. Well located in an office park adjacent to Skyworks Solutions and near the newly built Hilton Garden Inn, easily accessed off Hwy 100.
The median home value in Cedar Rapids, IA is $184,900. This is lower than the county median home value of $208,200. The national median home value is $338,100. The average price of homes sold in Cedar Rapids, IA is $184,900. Approximately 64.84% of Cedar Rapids homes are owned, compared to 27.36% rented, while 7.81% are vacant. Cedar Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cedar Rapids real estate agent to arrange a tour today!
Cedar Rapids, Iowa 52411 has a population of 136,512. Cedar Rapids 52411 is less family-centric than the surrounding county with 29.32% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Cedar Rapids, Iowa 52411 is $63,170. The median household income for the surrounding county is $70,360 compared to the national median of $69,021. The median age of people living in Cedar Rapids 52411 is 36.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 11.4 degrees. The average rainfall is approximately 36 inches per year, with 28.3 inches of snow per year.