Listed by Colliers - Minneapolis - St. Paul, Minnesota
$6,720,000
100 Formad Industrial Dr
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 113,400
Cap Rate 7.50%
NOI $504,082
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/14/2037
Rent Bumps Yes
Price per SqFt $59
Year Built 2001
Year Renovated 2015
Investment Type Net Lease
Lease Commencement 01/02/2002
Ground Lease No
Ceiling Height 26'
Dock High Doors 9
Industrial | 7.50% CAP | 113,400 SqFt
Marketing description
Colliers is pleased to present for sale this fully leased 113,400 SF industrial property located at 100 Formad Industrial Drive in Fort Madison, Iowa. The property was constructed for the current tenant, Foam Fabricators, in 2001, providing over 25 years of consistent and reliable tenancy and income. Proving mission-critical, Foam Fabricators recently extended their lease by eight years to reflect a current term of 11-years remaining.
Investment highlights
- 100% Leased Single Tenant - Absolute Net - 11 Year Term
- Current Lease Rate: $4.46/SF as of January 15th, 2026
- Annual Rent Escalations: 2-4%
- Absolute Net-Lease (Tenant responsible for all maintenance (repairs and replacements), taxes, insurance, and utilities
Listing Contacts
Listed by Colliers - Minneapolis - St. Paul, Minnesota
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$504,082.00
$42,006.83/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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