Amazon Distribution Building For
2500 Heinz Rd, Iowa City, IA 52240
346,062 sq. ft. distribution building fully leased to Amazon.
Type:Industrial
Property size:
346,062 SFLot size:
37.49 AcresPrice / SF:
$96/SF- Added:
- Feb 12, 2026
- Days on Market:
- 135
- Last Refresh:
- May 12 at 9:25 pm
Property Features for 2500 Heinz Rd
General Information
- Standard status
- Active
- Size
- 346,062 SF
- Lot size
- 37.49 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1971
Listing office Cushman & Wakefield - San Francisco, California
Listing date Feb 12, 2026
Source Crexi
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 - San Francisco, California
HighLights
- Fully leased to Amazon.com Services LLC and guaranteed by Amazon.com, Inc. (S&P: AA-).
- Amazon recently exercised its first renewal option for a 5‑year extension, beginning April 1, 2025.
- Located on a 37.49‑acre site with extensive parking.
- Located in Iowa City, serving the Cedar Rapids and Iowa City metro areas with a combined population of 451,000.
- Property offers expansion potential.
- Proximity to Cedar Rapids, a growing area with diverse industries and significant recent development activity.
Overview
The property is a 346,062 square foot distribution building situated on a 37.49-acre site in Iowa City, Iowa. The building is fully leased to Amazon.com Services LLC, with a guarantee from Amazon.com, Inc. The facility serves as an Amazon delivery station. The initial lease term was 5 years and 5 months. Amazon has exercised its first renewal option for a 5-year extension, commencing on April 1, 2025, and has two further 5-year renewal options. The rent during the renewal periods will be at fair market rent. The property offers extensive parking for employee vehicles, delivery vans, and truck trailers. The location serves the Cedar Rapids metro area, with an approximate population of 276,000, and the Iowa City metro area, with an approximate population of 175,000. The combined population of these two MSAs is 451,000. Cedar Rapids is approximately 27 miles from Iowa City and features a diverse range of industries, including defense, financial services, food processing and manufacturing, advanced manufacturing, and biosciences. The University of Iowa is located in Iowa City.
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 | $3.32M | $9.60 |
| − Vacancy | −$149.5k | −$0.43 |
| EGI | $3.17M | $9.17 |
| − OpEx | −$475.9k | −$1.38 |
| NOI | $2.70M | $7.79 |
346,062 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$38.53M
$33.71M – $44.95M
NOI $2,696,792 @ 7.0% cap · market cap 8.05%
Second Best
Industrial
$29.59M
$25.89M – $34.52M
NOI $2,071,181 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$75.18M
$65.78M – $87.71M
NOI $5,262,357 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Recruiting vinyl
Warehouse & Storage
Amazon DIA4 and HCI1 ...
Warehouse & Storage
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.4882751
- Latitude
- 41.6326772
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution center - 346,062 sq. ft. distribution building fully leased to Amazon.
Where is this distribution center located?
The property is located at 2500 Heinz Rd Iowa City, IA.
What is the asking price?
The asking price for this property is $33,500,000.
What are key features of this property?
This property features: Fully leased to Amazon.com Services LLC and guaranteed by Amazon.com, Inc. (S&P: AA-).; Amazon recently exercised its first renewal option for a 5‑year extension, beginning April 1, 2025.; Located on a **37.49‑acre site with extensive parking**.
