1300 SE Little Beaver Dr, Grimes, IA 50111
- Warehouses
- 110,000 SF
- 6.97 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1300 SE Little Beaver Dr
- Year built
- 2016
- Construction
- STEEL FRAME
- Lot size
- 6.97 lot acres
- Property type
- Warehouses
- APN
- 311/00305-585-011
- APU
- 31100305585011
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 30, 2020 | $3,300,000 | Jdso INC | Dra Props Lc | Warranty Deed | — |
| Apr 10, 2020 | — | Btg Ia LLC | — | Deed | $21k · Miscellaneous Ins Co |
| Sep 30, 2016 | — | Grimes Industrial Park II LLC | — | Deed · related | $5.5M · Miscellaneous Ins Co |
| Sep 29, 2016 | — | Grimes Industrial Park II LLC | — | Trustees Deed · related | $5M · West Bk |
| Jul 1, 2014 | — | Grimes Industrial Park II LLC | — | Trustees Deed · related | $5M · West Bk |
| — | — | Btg Ia LLC | — | Deed Of Trust | $21k · Miscellaneous Ins Co |
| — | — | Grimes Industrial Park II LLC | — | Deed Of Trust · related | $5.5M · Miscellaneous Ins Co |
Description
This exceptional 20,000-square-foot warehouse space in Grimes, IA, is available for sublease until July 31, 2034. Located conveniently near the I-35/I-80 interchange, this 2017-built facility boasts a 28-foot clear ceiling height, ideal for various industrial uses. The space includes three 10'H x 9'W dock-high doors and one 16'H x 12'W drive-in door, ensuring efficient loading and unloading. Currently configured with cold storage capabilities (freezer capable of 0° Fahrenheit), the tenant will remove the cooler for a traditional warehouse user. The interior features a functional office area with four private offices, a spacious reception/conference area, and a breakroom. The warehouse is equipped with a robust 3-phase, 480-volt, 2,500-amp power supply and an ESFR sprinkler system, providing comprehensive safety and operational efficiency. The lease rate is $6.00 NNN, but rates may vary for cold storage users. This is a prime opportunity for businesses seeking a modern, well-equipped warehouse space in a strategic location. The property is currently subleased by Home City Ice and comprises suites 110 and 111 (endcap).
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $12,585,000
- ML approach
- $8,360,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $9,385,000 Current use
- RESTAURANT
- $18,935,000 Change: +102% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $17,085,000 Change: +82% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $16,650,000 Change: +77% Conversion: Difficult
- MEDICAL BUILDING
- $16,605,000 Change: +77% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $14,925,000 Change: +59% Conversion: Difficult
- RETAIL STORES
- $12,835,000 Change: +37% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $10,845,000 Change: +16% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Grimes
- County
- Polk
- State
- Iowa
- Longitude
- -93.784
- Latitude
- 41.6775
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
