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34073031
34073269

512 NE Main Street, Grimes, IA 76936

JV
IA S27531000
Cushman & Wakefield - West Des Moines, Iowa
Cushman & Wakefield - West Des Moines, Iowa
Listed by Cushman & Wakefield - West Des Moines, Iowa
$5,500,000
1 day on market
Updated 1 day ago

512 NE Main Street

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 71,477
Cap Rate 8.60%
NOI $474,444
Tenancy Single
Rent Bumps Yes
Year Built 1930
Year Renovated 2019
Buildings 1
Acreage 6.610
Zoning Heavy Industrial
Ground Lease No
Ceiling Height 18' - 30'
Loading Docks 2

Industrial | 8.60% CAP | 71,477 SqFt

Marketing description

Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers:

512 NE Main Street in Grimes, Iowa presents a compelling net-leased industrial investment opportunity anchored by Crunchyroll, LLC, a division of Sony Group Corporation, one of the world’s leading anime and entertainment platforms. Situated on 6.61 acres with immediate access to HWY 141 and proximity to the new GrimesPlex entertainment district, the property also offers significant value-add potential with room to expand. Grimes is one of the fastest-growing suburbs in the Des Moines metro, having tripled in population over the past two decades.

Investment highlights

Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers:

512 NE Main Street in Grimes, Iowa presents a compelling net-leased industrial investment opportunity anchored by Crunchyroll, LLC, a division of Sony Group Corporation, one of the world’s leading anime and entertainment platforms. Situated on 6.61 acres with immediate access to HWY 141 and proximity to the new GrimesPlex entertainment district, the property also offers significant value-add potential with room to expand. Grimes is one of the fastest-growing suburbs in the Des Moines metro, having tripled in population over the past two decades.

Listing Contacts

JV
IA S27531000
Cushman & Wakefield - West Des Moines, Iowa
Cushman & Wakefield - West Des Moines, Iowa
Listed by Cushman & Wakefield - West Des Moines, Iowa

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$474,443.94
$39,537.00/mo

Valuation Metrics

0
DSCR
8.63%
Cap Rate
8.63%
ROI

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Additional Information

Name
John Viggers
License
S27531000
Brokerage
Cushman & Wakefield Iowa Commercial Advisors
Title
Senior Vice President
Brokerage Address
3737 Woodland Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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