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100 Formad Industrial Dr 113,400 SF 100% Leased Industrial Building Fort Madison, IA 52627 $6,720,000 ($59.26/SF) 7.50% Cap Rate
Investment Highlights
- Fully leased 113,400 SF industrial property
- Clear Height 26'
- 9 Dock Doors, 7 Overhead Doors
Executive Summary
Colliers is pleased to present for sale this fully leased 113,400 SF industrial property located at 100 Formad Industrial Drive in Fort Madison, Iowa. The property was constructed for the current tenant, Foam Fabricators, in 2001, providing over 25 years of consistent and reliable tenancy and income. Proving mission-critical, Foam Fabricators recently extended their lease by eight years to reflect a current term of 11-years remaining.
Property Facts
| Price | $6,720,000 | Rentable Building Area | 113,400 SF |
| Price Per SF | $59.26 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2001 |
| Cap Rate | 7.50% | Clear Ceiling Height | 26’ |
| Property Type | Industrial | No. Dock-High Doors/Loading | 9 |
| Building Class | B | Opportunity Zone |
Yes
|
| Price | $6,720,000 |
| Price Per SF | $59.26 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Building Class | B |
| Rentable Building Area | 113,400 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Clear Ceiling Height | 26’ |
| No. Dock-High Doors/Loading | 9 |
| Opportunity Zone |
Yes |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 02-47-14-12-200-0310 | Improvements Assessment | $2,171,320 |
| Land Assessment | $249,950 | Total Assessment | $2,421,270 |
Property Taxes
Parcel Number
02-47-14-12-200-0310
Land Assessment
$249,950
Improvements Assessment
$2,171,320
Total Assessment
$2,421,270
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