30,000 SF Shell Industrial
104 Research Dr Perry, IA
For Sale
Contact for pricing
Shell industrial building in Perry Industrial Park on 5.26 acres.
Property Size30,000 SF
Lot Size5.25 Acres
Price / SF$50
Days on Market727
Property Features for 104 Research Dr
General Information
Standard status
Active
Size
30,000 SF
Lot size
5.25 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield
(515) 210-9446
Listed By:
Jordan Bouslog · License #IA S62986000
(515) 402-9131
Source:
Moodyscre
Added: Aug 2, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield
Investment Insights
Based on property information with market context.
This is a 30,000 square foot shell industrial building situated on 5.26 acres within the Perry Industrial Park. The park itself spans 151 acres and is certified for light industrial business development. It is already home to leading industry tenants as a successful Research and Science Park. As a Certified Site, the Perry Industrial Park has completed all surveys and installed necessary utility infrastructure, including gig-ready fiber optics. The Perry Industrial Park has 155 acres available, with 127 acres Certified Site and 28 acres adjacent. There are no known issues with Phase 1 EAS, Cultural, Wetlands, Geotech/Soil, and Endangered Species. RES of Certified Site development land is available. The building is at a point of completion pending final use layouts.
Key Highlights
- 30,000 SF Shell Industrial Building ready for your final use layouts.
- Located in the Perry Industrial Park, a Certified Site.
- 5.26 Acre Lot provides ample space.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.8k | $6.36 |
| − Vacancy | −$15.1k | −$0.50 |
| EGI | $175.7k | $5.86 |
| − OpEx | −$52.7k | −$1.76 |
| NOI | $123.0k | $4.10 |
30,000 SF · lease $6.36/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$24.16M
$21.14M – $28.18M
NOI $1,690,956 @ 7.0% cap · market cap 112.73%
Second Best
Industrial
$1.76M
$1.54M – $2.05M
NOI $123,009 @ 7.0% cap · market cap 8.20%
Theoretical Best
Flex RnD
$28.88M
$25.27M – $33.69M
NOI $2,021,521 @ 7.0% cap · market cap 134.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Store It Best — 2905 Willis Ave, Perry, IA 50220
- Four Seasons Mini Storage — 3001 Willis Ave, Perry, IA 50220
- Heartland Storage Solutions — 1060 26th St, Perry, IA 50220
Frequently Asked Questions
What type of property is this?
Warehouse - Shell industrial building in Perry Industrial Park on 5.26 acres.
Where is this warehouse located?
The property is located at 104 Research Dr Perry, IA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 30,000 SF Shell Industrial Building ready for your final use layouts.; Located in the Perry Industrial Park, a Certified Site.; 5.26 Acre Lot provides ample space.
