- Best-In-Class Asset – Irreplaceable Building & Irreplaceable Location
- Offered at a Significant Discount to Replacement Cost
- Adjacent to Cedar Rapids Premier Employment Concentrations
- Strategic Location and Highway Connectivity
- Unique Pre-Set Tax Abatement Benefits
- Offered Free and Clear of Any Existing Debt
Best-In-Class Asset – Irreplaceable Building & Irreplaceable Location
Exceptionally high-quality construction is evidenced throughout 500 on 1st. The community offers a robust amenity package and luxurious finishes. The extremely high-end finish levels throughout the property, coupled with the underground secured parking garage, rooftop community area, secure entry and tenant storage, can only be found at 500 on 1st.
Offered at a Significant Discount to Replacement Cost
500 on 1st allows future investors to acquire a fully stabilized, high-quality asset at a substantial discount to the expense of developing a comparable new project.
Adjacent to Cedar Rapids Premier Employment Concentrations
Located near the heart of Downtown Cedar Rapids, 500 on 1st is within walking distance of numerous major employers including Quaker Oats, Mercy Medical Center Cedar Rapids, US District Court and Linn County District Court. The perks of the location go beyond employment with residents having easy access to a plethora of entertainment, restaurants, and retail centers.
