Listed by GLD Commercial Real Estate Advisors
$1,465,000
415 62nd St
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 19,592
Units 12
Cap Rate 6.36%
NOI $93,150
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $75
Year Built 2004
Buildings 2
Acreage 1.480
Zoning M-2, General Manufacturing
Investment Type Value Add
415 62nd St, Marion, IA 52302
Marketing description
Fully leased industrial property in Marion consisting of two buildings on a single parcel. The property includes 12 units ranging in size from approximately 466 SF to 2,850 SF, providing a mix of small-bay spaces. The property has maintained strong historical occupancy and offers consistent in-place income. Leases are currently structured on gross basis, presenting an opportunity to transition to NNN and improve expense recovery. Additional upside may be achieved through modest improvements and rent adjustments.
Investment highlights
- Fully leased
- Conveniently located near the intersection of Highways 13 & 151
Listing Contacts
Listed by GLD Commercial Real Estate Advisors
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
$93,150.00
$7,762.50/mo
Valuation Metrics
0
DSCR
6.36%
Cap Rate
6.36%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
