Climate-Controlled Storage and Flex
For Sale
$3,850,000
6900 Partners Ave, Marion, IA 52302
Two-building campus offers climate-controlled storage with multiple ground-level overhead doors and a newer flex building.
Property Size47,200 SF
Lot Size8.80 Acres
Price / SF$81.57
Days on Market526
Property Features for 6900 Partners Ave
General Information
Standard status
Active
Size
47,200 SF
Lot size
8.80 Acres
Property subtype
Commercial
Zoning
PUD
Additional Details
Drive-In Doors
4
Taxes and HOA fees
Annual Taxes
$126,950
Amenities
ConcreteSlabGrade
8.8
CountyRoad,Paved
Building Details
Year Built
2021
Listing Agency:
Keller Williams Legacy Group
(319) 393-0900
Listed By:
Delmar Yoder
(319) 430-2711
Source:
Pinnaclerealtyia
Added: Apr 30, 2025
Changed: Oct 7
Last Checked: Oct 7 at 10:19AM
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
Investment Insights
Based on property information with market context.
The property consists of two buildings on a single shared lot. Building 1 is a 35,200 SF climate-controlled storage facility with 20 ground level overhead doors. It is constructed with 3-inch insulated metal panels, and the south wall is designed to allow expansion of the existing building to nearly 65,000 SF. Building 2 is a 12,000 SF wood frame flex building built in 2023, with 4 ground level overhead doors. Both buildings share the same parking lot, and the site layout was designed to accommodate a total of four 12,000 SF flex buildings.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,423
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,568,460
$5.6M
Cap Rate 7%
$3,977,471
$4.0M
Cap Rate 9%
$3,093,589
$3.1M
Market Conditions
NOI Build-Up for 47,200 SF
Gross rent
$347.4K $7.36/SF
− Vacancy
−$19.8K −$0.42/SF
EGI
$327.6K $6.94/SF
− OpEx
−$49.1K −$1.04/SF
NOI
$278.4K $5.90/SF
Area
Linn County, IA
Vacancy
5.71%
Lease Rate
$7.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,568,460
Cap Rate 7%
$3,977,471
Cap Rate 9%
$3,093,589
Alternative Uses
Best Use
Warehouse
$3.98M
$3.48M – $4.64M
NOI $278,423 @ 7.0% cap · market cap 7.23%
Second Best
Industrial
$3.28M
$2.87M – $3.82M
NOI $229,289 @ 7.0% cap · market cap 5.96%
Theoretical Best
Self Storage
$7.94M
$6.95M – $9.27M
NOI $556,063 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 52302, IA
43,130
Population
18,153
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
580
Density / Sq Mi
$87,463
Median Household Income
$50,234
Median Earnings
$963
Median Rent
$232,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Two-building campus offers climate-controlled storage with multiple ground-level overhead doors and a newer flex building.
Where is this refrigerated & cold storage located?
The property is located at 6900 Partners Ave Marion, IA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 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
