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29881123
29881124

1003 S 12th St, Marshalltown, IA 50158

MG
IA B62293000
WB Realty Company
Listed by WB Realty Company
$950,000
102 days on market
Updated 1 day ago

12th St Warehouses and Storage

Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 35,436
Tenancy Multi
Pro-Forma Cap Rate 11.04%
Pro-Forma NOI $104,865
Price per SqFt $27
Broker Co-Op Yes
Year Built 1953-1978
Buildings 6
Stories 1
Acreage 5.300
Zoning General Industrial
Investment Type Owner/User
Ground Lease No
Loading Docks 3
Dock High Doors 3

Owner/User, Lease, or Boat/RV Storage Opportunity in Marshalltown

Marketing description

Positioned in a convenient Marshalltown location, this unique industrial offering features six separate warehouse buildings on one site, providing exceptional flexibility for investors and owner-users alike. Five of the buildings are well-suited for general warehouse use, owner-occupants, or value-add leasing opportunities. The layout and access also make the property an excellent candidate for self-storage conversion or RV/boat storage, allowing multiple paths to maximize income.

A major highlight is the long-term cellular tower lease with Verizon Wireless located on the northwest corner of the property, delivering stable, reliable income. The site currently includes several tenants in place, offering immediate cash flow with additional upside through lease-up or repositioning.

The property also features ample excess land, ideal for outdoor storage, contractor yard use, or future development of an additional warehouse building. With multiple income streams, flexible building configurations, and expansion potential, this is a compelling opportunity in the Marshalltown industrial market.

Investment highlights

This property offers many different uses, from owner/user, manufacturing, self-storage, boat/RV storage, and outdoor storage opportunities.

Listing Contacts

MG
IA B62293000
WB Realty Company
Listed by WB Realty Company

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