Distribution Warehouse Investment
4520 20th Ave SW, Cedar Rapids, IA 52404
For Sale
Contact for pricing
232,750 SF distribution warehouse with strong tenant and cash flow.
Property Size232,750 SF
Price / SF$58.71
Days on Market276
Property Features for 4520 20th Ave SW
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
GLD Commercial Real Estate Advisors
Listed By:
Adam Gibbs · License IA B43857000
(319) 721-1520
Source:
Crexi
Added: Feb 12
Changed: Nov 12
Last Checked: Nov 12 at 7:16AM
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
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Investment Insights
Based on property information with market context.
This is a 232,750 SF institutional-quality distribution warehouse. It is currently leased to Consolidated Electrical Distributors, a nationally recognized tenant. The property generates $85,400 per month ($1,024,800 annually) in NNN income. The property is offered at $13,664,000, reflecting a 7.5% capitalization rate. The building features tall clear heights and efficient distribution functionality. In-place rents are below current market levels. The offering is priced below replacement cost. The property has immediate access to Highway 30 and I-380, providing regional and interstate connectivity. The site is positioned near the 1,400-acre data center campus development anchored by Google and QTS Data Centers. This location is in the Cedar Rapids market.
Key Highlights
- Leased to Consolidated Electrical Distributors, a nationally recognized, financially strong tenant.
- Generates $1,024,800 annually in NNN income with a 7.5% capitalization rate.
- Priced well below replacement cost, enhancing downside protection.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,220,364
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,407,280
$24.4M
Cap Rate 7%
$17,433,771
$17.4M
Cap Rate 9%
$13,559,600
$13.6M
Market Conditions
NOI Build-Up for 232,750 SF
Gross rent
$1.82M $7.80/SF
− Vacancy
−$72.1K −$0.31/SF
EGI
$1.74M $7.49/SF
− OpEx
−$523.0K −$2.25/SF
NOI
$1.22M $5.24/SF
Area
Cedar Rapids, IA
Vacancy
3.97%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,407,280
Cap Rate 7%
$17,433,771
Cap Rate 9%
$13,559,600
Alternative Uses
Best Use
Warehouse
$21.17M
$18.52M – $24.70M
NOI $1,481,870 @ 7.0% cap · market cap 10.85%
Second Best
Industrial
$17.43M
$15.25M – $20.34M
NOI $1,220,364 @ 7.0% cap · market cap 8.93%
Theoretical Best
Specialty Retail
$33.69M
$29.48M – $39.30M
NOI $2,358,048 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Distribution center - 232,750 SF distribution warehouse with strong tenant and cash flow.
Where is this distribution center located?
The property is located at 4520 20th Ave SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $13,664,000.
What are key features of this property?
This property features: Leased to Consolidated Electrical Distributors, a nationally recognized, financially strong tenant.; Generates $1,024,800 annually in NNN income with a 7.5% capitalization rate.; Priced well below replacement cost, enhancing downside protection.
