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Ames Warehouse Near I-35

2826 Hyatt Cir, Ames, IA 50010

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For Sale

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32,400 SF warehouse with convenient highway access and parking.

Type:INDUSTRIAL

Property size:

32,400 SF

Lot size:

5.00 Acres

Price / SF:

$92/SF

HighLights

Convenient location near I‑35 & HWY 30 interchange
Total building size: 32,400 SF
Benefit from a clear height of 19’ – 21’
12’x14’ Overhead Doors
On‑site parking available, with the ability to add parking on North, South, and West sides
Tenant improvement options available

We can help!

Listing Contact

Marcus Pitts

For Sale

Contact for pricing

32,400 SF warehouse with convenient highway access and parking.

Type:INDUSTRIAL

Property size:

32,400 SF

Lot size:

5.00 Acres

Price / SF:

$92/SF

Added:: Nov 17, 2023
Days on Market:: 940
Last Refresh:: Apr 5 at 8:07 pm

Property Features for 2826 Hyatt Cir

General Information

Standard status: Active
Size: 32,400 SF
Lot size: 5.00 Acres
Property subtype: INDUSTRIAL

Properties For Sale

at 2826 Hyatt Cir Contact us

We can help!

Listing Contact

Marcus Pitts

Listing agent Marcus Pitts License #S67748000

Listing office JLL

Listing date Nov 17, 2023

Source Moodyscre

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 JLL

HighLights

Convenient location near I‑35 & HWY 30 interchange
Total building size: 32,400 SF
Benefit from a clear height of 19’ – 21’
12’x14’ Overhead Doors
On‑site parking available, with the ability to add parking on North, South, and West sides
Tenant improvement options available

Overview

This 32,400 square foot building is suitable for warehouse or industrial use. It features 12’x14’ overhead doors and a clear height ranging from 19 to 21 feet. The property benefits from a convenient location near the interchange of I-35 and Highway 30. On-site parking is available, with the potential to add more parking on the north, south, and west sides of the building. Tenant improvement options are also available.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$237.2k	$7.32
− Vacancy	−$39.1k	−$1.21
EGI	$198.0k	$6.11
− OpEx	−$29.7k	−$0.92
NOI	$168.3k	$5.20

32,400 SF · lease $7.32/SF/yr · vacancy 16.50% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$2.40M

$2.10M – $2.81M (±1% cap)

NOI $168,330 @ 7.0% cap · market cap 5.61%

Second Best

Industrial

$2.22M

$1.95M – $2.60M (±1% cap)

NOI $155,725 @ 7.0% cap · market cap 5.19%

Theoretical Best

Office A

$7.57M

$6.63M – $8.83M (±1% cap)

NOI $530,012 @ 7.0% cap · market cap 17.67%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Similar Places Nearby

Royal Storage — 56780 241st St, Ames, IA 50010
Alexander Storage — 235 Alexander Ave, Ames, IA 50010
TSG Mini Storage — 2312 Edison St, Ames, IA 50010
Cable Storage — 623 S Dayton Ave, Ames, IA 50010

Location Insight

Map
Local Demand

City: Ames
County: Story
State: Iowa
Longitude: -93.5731
Latitude: 42.0124

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