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    OFF-MARKET
    Warehouses

    6407 Partners Ave, Marion, IA 52302-4830

    39,074 SF 4.2 ac lot Built 2022
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US25-2356977
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2022
    Construction STEEL FRAME
    Total area 39,074 SF
    Lot 4.2 ac (182,952 SF)
    APN 15-03-2-52-002-0-0000
    UPID US25-2356977
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Twenty40 Building Concepts INC · 4 yrs held
    Twenty40 Building Concepts INC
    since 2022
    Last sale
    $252,000
    2 recorded transactions
    2022
    2022
    $252,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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