20220 Ia-5 Carlisle, IA 50047
- Warehouses
- 18,060 SF
Current Use by Public Records
- Warehouses
Property Details for 20220 Ia-5
- Year built
- 1995
- Property size
- 18,060 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 100% occupied, 18,060-square-foot warehouse in Carlisle, Iowa. The property, located at 20220 IA-5, boasts a desirable location directly off Highway 5, offering excellent accessibility. Comprising two buildings—a 13,860-square-foot main structure and a 4,200-square-foot support building—this single-tenant property features 21,600 square feet of concrete paving. Built in 1995 and renovated in 2019, the warehouse is offered for sale with a leaseback arrangement. The absolute NNN lease guarantees a stable income stream with a current annual base rent of $180,600, escalating at 3% annually over a 10-15 year term. The property's strong financial performance is reflected in its attractive 7.50% cap rate. This is a rare opportunity to acquire a high-performing industrial asset in a strategic location with a long-term lease in place. The asking price is $2,408,000. The property is situated in Warren County, Iowa, zip code 50047.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carlisle
- County
- Warren
- State
- Iowa
- Longitude
- -93.4216
- Latitude
- 41.4676
