6407 Partners Ave Marion, IA 52302

Property Details for 6407 Partners Ave

Year built

2022

Construction

STEEL FRAME

Lot size

4.20 lot acres

Property size

39,074 SF

Property type

Warehouses

APN

15-03-2-52-002-0-0000

APU

150325200200000

Description

This exceptional investment opportunity presents a nearly new, 39,000-square-foot warehouse/office building situated on a 4.2-acre lot in Marion, Iowa. The property boasts four leasable suites, each spanning 9,750 square feet. One suite (Suite 100) offers 4,000 square feet of office space, complete with nine individual offices, two conference rooms, a reception area, and three bathrooms. This suite also features solar panels and is currently leased to the owner at a rate of $6.95 per square foot, with CAM charges of $3.50 per square foot on a three-year lease. The remaining three suites provide a flexible layout, suitable for either retail or office space at the front and warehouse space in the rear. Each of these warehouse suites includes two 14x14 drive-in overhead doors and one 9x10 dock door for efficient shipping and receiving. Additional features for these suites include a glass curtain wall entry, a 6-inch reinforced floor, radiant tube heating, 200-amp electrical service, three rows of LED high-bay lights, a sprinkler system, a fire alarm, and exterior surveillance with security lighting. The property offers ample parking, with over 40 spaces at the front and additional exterior parking and equipment storage at the rear. This presents a unique chance to acquire a nearly new warehouse at a cost lower than new construction, while simultaneously generating income through leasing the available warehouse space. Daily tours are available.

Location Insight

City

Marion

County

Linn

State

Iowa

Longitude

-91.5394

Latitude

42.0282

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments