6900 Partners Ave, Marion, IA 52302
Two-building campus offers climate-controlled storage with multiple ground-level overhead doors and a newer flex building.
- Added:
- Apr 30, 2025
- Days on Market:
- 436
- Last Refresh:
- Jul 8 at 3:45 am
Property Features for 6900 Partners Ave
General Information
- Standard status
- Active
- Size
- 47,200 SF
- Lot size
- 8.80 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2021
Listing office Keller Williams Legacy Group (319) 430-2711
Listing date Apr 30, 2025
Source Pinnaclerealtyia
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 Keller Williams Legacy Group
HighLights
- Two‑building storage campus on an 8.8‑acre lot with county road, paved frontage
- Building 1: 35,200 SF climate‑controlled storage with 20 ground‑level overhead doors
- Building 1 has 3 in insulated metal panel construction with south wall designed for expansion to almost 65,000 SF
- Building 2: 12,000 SF wood frame flex building built in 2023 with 4 ground‑level overhead doors
- Shared parking lot for both buildings; ownership offers package sale or separate leasing of each building with various suite sizes
- Site plan designed to accommodate a total of four 12,000 SF flex buildings
Overview
The offering is open to selling the buildings as a package or leasing each building separately with various suite sizes available. This configuration supports operators who want dedicated door access and flexible space planning within a single controlled site.
From a tenant or buyer perspective, the combination of climate-controlled storage capacity, high door count, and a newer flex building can support a range of commercial and industrial uses. Building 1’s insulated panel construction and planned expansion capacity provide an additional pathway to grow the footprint if desired. The designed site plan and ability to lease either building can also help match space needs with operational requirements over time.
Local Financial Insights For Warehouse
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 | $347.4k | $7.36 |
| − Vacancy | −$19.8k | −$0.42 |
| EGI | $327.6k | $6.94 |
| − OpEx | −$49.1k | −$1.04 |
| NOI | $278.4k | $5.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Linn
- State
- Iowa
- Longitude
- -91.5411207
- Latitude
- 42.029896
