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Refrigerated Distribution Warehouse Sublease
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413 & 423 Southgate Court SW, Cedar Rapids, IA 52404

Two sublease options featuring dock capacity, high clear height, and substantial cooler space for temperature-controlled logistics.

Space SizeContact for details
Days on Market627

Property Features for 413 & 423 Southgate Court SW

General Information

Standard status Active
Property subtype Com Lease
Zoning TIM; GI
Lease Type Net

Taxes and HOA fees

Annual Taxes $195,532

Amenities

Concrete
Yes
1
No
Public
9.72
9.72 Ac
Off Street
Sprinkler/Irrigation

Building Details

Year Built 1978
Stories 1
Listing Agency: GLD Commercial Real Estate Advisors
Listed By: Hope Hall
Source: Pinnaclerealtyia
Added: Dec 6, 2024 Changed: Aug 25 Last Checked: Aug 25 at 5:13AM

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 GLD Commercial Real Estate Advisors

Investment Insights

Based on property information with market context.

413 Southgate Ct SW offers 100,496 SF of warehouse space available for sublease, with 20' sidewalls and 25' column spacing. The facility includes 6 dock doors with levelers and 4 additional dock doors with direct rail spur access. A standout improvement is 66,000 SF of cooler space, supported by extensive power to accommodate a range of operations. The landlord is open to demising the space, and the premises are well-suited to temperature-controlled storage and distribution activities.

423 Southgate Ct SW provides 104,040 SF sited on 5.87 acres, including nearly 1.5 acres of outdoor truck parking. Warehouse features include 20' sidewalls, 25' column spacing, and 17' clear height. Dock infrastructure totals 11 docks plus 1 drive-in door, with a wet sprinkler system, Positive Air System, auto LED lighting, and a backup generator.

Both options include a flexible warehouse configuration for logistics and distribution use. The 423 building also includes 3,800 SF of fully renovated office space, and the property underwent a complete renovation in 2023, supporting day-to-day operational needs alongside storage and shipping workflows. Contact the listing agent for sublease details and information on space demising.

Key Highlights

  • Sublease option at 413 Southgate Ct SW: 100,496 SF warehouse with 20' sidewalls and 25' column spacing
  • 413 Southgate Ct SW offers 66,000 SF of cooler space plus 6 dock doors with levelers and 4 more dock doors with direct rail spur access
  • 423 Southgate Ct SW: 104,040 SF building on 5.87 acres with nearly 1.5 ac of outdoor truck parking

Property Analytics

Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Skin Care Clinic Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby
Well-served
Demand for This Use

Demographics for 52404, IA

43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$8.31 /SF/Yr
Avg Asking Price
$6–$10 /SF/Yr
Price Range
82,696 SF
Avg Space Size

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Two sublease options featuring dock capacity, high clear height, and substantial cooler space for temperature-controlled logistics.
Where is this warehouse located?
The property is located at 413 & 423 Southgate Court SW Cedar Rapids, IA.
What are key features of this property?
This property features: Sublease option at 413 Southgate Ct SW: 100,496 SF warehouse with 20' sidewalls and 25' column spacing; 413 Southgate Ct SW offers 66,000 SF of cooler space plus 6 dock doors with levelers and 4 more dock doors with direct rail spur access; 423 Southgate Ct SW: 104,040 SF building on 5.87 acres with nearly 1.5 ac of outdoor truck parking
More about this property
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