Building Details

Year Built 1978

Year Renovated 2023

Listing Agency: SKOGMAN REALTY h***@gmail.com Show Phone

Listed By: Hope Hall Show Phone

Source: Pinnaclerealtyia

Added: Jan 14 Changed: Aug 23 Last Checked: Aug 23 at 2:54AM

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Investment Insights

Based on property information with market context.

These warehouse and distribution sublease offerings at 413 & 423 Southgate Ct SW in Cedar Rapids include extensive functional improvements suited to logistics use. 413 Southgate Ct SW provides 20' sidewalls, 25' column spacing, and 6 dock doors with levelers plus 4 additional dock doors with direct rail spur access. It also includes a substantial 66,000 SF of cooler space, along with extensive power, and the landlord is open to demising the space.

423 Southgate Ct SW totals 104,040 SF and sits on 5.87 acres with nearly 1.5 acres of outdoor truck parking. The facility features 20' sidewalls, 25' column spacing, and 17' clear height. Loading includes 11 docks and 1 drive-in door, supported by a wet sprinkler system, positive air system, auto LED lighting, and a backup generator.

Both options include practical specifications for warehouse and distribution tenants, with capabilities for temperature-controlled storage at 413 Southgate Ct SW. 423 Southgate Ct SW further includes 3,800 SF of fully renovated office space, and the building underwent a complete renovation in 2023. Contact the listing agent for additional sublease details and any available demising options.

Key Highlights

• 100,496 SF warehouse sublease at 413 Southgate Ct SW with 20' sidewalls, 25' column spacing, and extensive power for a variety of operations
• 66,000 SF of cooler space at 413 Southgate Ct SW, plus 10 dock doors total (6 with levelers and 4 with direct rail spur access)
• 104,040 SF warehouse at 423 Southgate Ct SW on 5.87 acres with nearly 1.5 acres of outdoor truck parking

Property Analytics

Property Profile

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

17 ft

Clear height

10

Dock-high doors

1

Drive-in doors

Yes

Sprinkler system

NNN (Triple Net)

Lease Type

$0.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

470

Businesses Nearby

Explore this area Business Placement

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

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Refrigerated & cold storage - Sublease options include dock-high loading, robust power, and significant cooler space for temperature-controlled storage.

Where is this refrigerated & cold storage located?

The property is located at 413 & 423 Southgate Ct SW Cedar Rapids, IA.

What is the lease rate?

The lease rate is $6 SF/Yr.

What are key features of this property?

This property features: 100,496 SF warehouse sublease at 413 Southgate Ct SW with 20' sidewalls, 25' column spacing, and extensive power for a variety of operations; 66,000 SF of cooler space at 413 Southgate Ct SW, plus 10 dock doors total (6 with levelers and 4 with direct rail spur access); 104,040 SF warehouse at 423 Southgate Ct SW on 5.87 acres with nearly 1.5 acres of outdoor truck parking