Listed by Skogman Commercial Group Cedar Rapids
$2,880,000
1199 44th Street
Details
APN 103247602500000
Property Type Industrial, Office
Sub Type Distribution, Traditional Office
Square Footage 35,900
Tenancy Single
Lease Type Net
Pro-Forma Cap Rate 7.48%
Pro-Forma NOI $215,400
Price per SqFt $6
Broker Co-Op Yes
Class B
Year Built 2005
Year Renovated 2019
Buildings 1
Stories 1
Acreage 1.420
Zoning M1
Ceiling Height 21ft-25ft
Sale Condition For sale by owner
Distribution Warehouse for sale or lease | 35,900 sqft
Marketing description
Office/Distribution warehouse available for sublease in Marion totaling approximately 35,900 SF. Functional mix of office and warehouse areas suitable for distribution, light industrial, or combined operations. Prominent location with convenient access to Hwy 151 and Hwy 13, plus generous on-site parking. Solar panel system on roof saved tenant $20,000 on electric bills last year. Current configuration supports efficient loading and circulation; updated loading specifications, power, clear heights, and floor plan available upon request.
Investment highlights
Virtual Tour: https://www.propertypanorama.com/instaview/cdr/2508594#tour
Listing Contacts
Listed by Skogman Commercial Group Cedar Rapids
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
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
