www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
21689255
21461310

2535 Midport Blvd, Waterloo, IA 50703

CF
IA IA B44779000
The Fischels Group
Listed by The Fischels Group
$995,000
491 days on market
Updated 43 days ago

2535 Midport Boulevard

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 11,880
Net Rentable (SqFt) 11,880
Cap Rate 7.20%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 4
Lease Expiration 12/31/2028
Remaining Term 2.6
Lease Options 2
Broker Co-Op Yes
Year Built 2011
Buildings 1
Stories 1
Lot Size (SqFt) 233,046
Zoning M-2, P
Investment Type Net Lease
Lease Commencement 01/01/2025
Occupancy Date 01/01/2025
Ground Lease No
Loading Docks 30
Sale Condition For sale by owner

Commercial Investment Property!

Marketing description

This prime industrial warehouse is now available for immediate occupancy, offering a rare opportunity for an owner-user or investor to acquire a high-velocity logistics hub. Strategically positioned as a vital transfer station, the facility features an exceptional 30 loading dock doors, providing an incredible ratio for maximum operational efficiency and high-volume freight movement. The building encompasses a total of 11,880 square feet, including 10,530 sq. ft. of high-capacity warehouse space designed for rapid distribution and 1,350 sq. ft. of turnkey office space for administrative support.

The property is situated on a generous 5.35-acre site with flexible M-2/P zoning, allowing for substantial outdoor storage, heavy trailer parking, or potential future expansion. Located in the established Midport Blvd industrial area of Waterloo, the facility ensures excellent regional connectivity with immediate access to Airline Highway and nearby Highway 20. With estimated operating expenses at a favorable $4.05 PSF, this site is perfectly positioned for a business looking to capitalize on a prime location with a massive real estate footprint.

Investment highlights

  • 30 Loading Dock Doors
  • 11,880 Square Feet (Including 10,530 Sq. Ft. of Warehouse Space, 1,350 Sq. Ft. Office Space)
  • Net-Leased Income Stream (NNN)
  • Operating Expense Estimated at $4.05 PSF (Tenant Responsible for Most)
  • 5.38- Acre Site
  • Zoning: M-2/P Zoning: Allows for Ample Outdoor Storage or Potential Future Expansion

Listing Contacts

CF
IA IA B44779000
The Fischels Group
Listed by The Fischels Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Chris Fischels
License
IA B44779000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591