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Pella Marketplace 1514-1598 Washington St 34,728 SF 87% Leased Retail Building Pella, IA 50219 $4,500,000 ($129.58/SF) 8% Cap Rate
Investment Highlights
- Investment Property For Sale - Walmart Shadowed Retail Center
- Excellent Location on Washington Street
- Ample Parking
- 100% Leased
- Strong Tenant Mix
Executive Summary
Investment opportunity for this 34,360 SF Walmart shadowed retail center in Pella, Iowa. The center is 100% leased! Excellent location on Washington Street, adjacent to Walmart Supercenter. Strong tenant mix to include Sincera Health, Domino's, Maurices, Great Clips, Whylie Eye Care, Verizon Wireless, Triumph Martial Arts, Premise Health, Mueller Chiropractor, Special Nails & Spa, and Yamato Steak House of Japan. Pella is home to Central College, Pella Corporation, and Vermeer Corporation.
Property Facts
Sale Type
Investment
Property Type
Building Size
34,728 SF
Building Class
C
Year Built
2007
Price
$4,500,000
Price Per SF
$129.58
Cap Rate
8%
NOI
$360,000
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
6.25 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 1739800505 | Improvements Assessment | $3,339,640 |
| Land Assessment | $544,500 | Total Assessment | $3,884,140 |
Property Taxes
Parcel Number
1739800505
Land Assessment
$544,500
Improvements Assessment
$3,339,640
Total Assessment
$3,884,140
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Pella Marketplace | 1514-1598 Washington St
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