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1805 E Washington St 301,763 SF Industrial Building Mount Pleasant, IA 52641 $9,700,000 ($32.14/SF) 8.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Two 25 ton HVAC systems added in 2021 for Envelope converter room
Ample Loading

Below market rents
Fully Sprinkled

EXECUTIVE SUMMARY

Colliers is pleased to present the industrial offering of a 301,763 SF warehouse and distribution facility located at 1805 E Washington St, Mount Pleasant, IA. Occupied by Innovairre, this property serves as a vital hub in the Midwest enabling them to support their 500+ nonprofit customers across 5 continents. By housing the latest digital print technology and manufacturing equipment they are able to produce more nonprofit premiums than anyone.
Built on 22.38 acres, this facility features modern infrastructure, including 20 dock doors, up to 32’ clear heights in the warehouse, multiple drive-ins, and a fully sprinklered interior. Designed for efficiency and scalability, the property benefits from a landlord-friendly NNN lease structure at a below market $2.65/SF rate. The Mount Pleasant facility is an exceptional opportunity to acquire a stabilized asset with growth potential. Feel to reach out to anyone on our team for additional details and questions.

1805 E Washington St, Mt Pleasant, IA-OM

PROPERTY FACTS

Price	$9,700,000	Rentable Building Area	301,763 SF
Price Per SF	$32.14	No. Stories	1
Sale Type	Investment	Year Built	1974
Cap Rate	8.25%	Tenancy	Single
Property Type	Industrial	Parking Ratio	0.69/1,000 SF
Property Subtype	Warehouse	No. Dock-High Doors/Loading	20
Building Class	C	No. Drive In / Grade-Level Doors	2
Lot Size	22.38 AC
Zoning	Industrial - Industrial

Price	$9,700,000
Price Per SF	$32.14
Sale Type	Investment
Cap Rate	8.25%
Property Type	Industrial
Property Subtype	Warehouse
Building Class	C
Lot Size	22.38 AC
Rentable Building Area	301,763 SF
No. Stories	1
Year Built	1974
Tenancy	Single
Parking Ratio	0.69/1,000 SF
No. Dock-High Doors/Loading	20
No. Drive In / Grade-Level Doors	2
Zoning	Industrial - Industrial

Administrative and Support Services
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$9.99
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Founded in 2014, Innovairre Communications, LLC is a privately held marketing and fundraising services company headquartered in Cherry Hill, New Jersey. The firm supports over 500 nonprofit organizations across five continents, helping them raise more than $5 billion annually. Innovairre specializes in scientific marketing, leveraging advanced data analytics, digital printing, hyper-personalization, and creative testing methodologies. Its services span direct mail, digital marketing, donation processing, and premium fulfillment. Innovairre also serves commercial clients in healthcare, financial services, insurance, and publishing. With a workforce of over 4,000 professionals, the company operates multiple facilities in the U.S. and abroad, including locations in Iowa, Maryland, New Hampshire, Ohio, Virginia, and the Netherlands.