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Interstate Power Systems 407 Adventureland Dr NE 45,250 SF Industrial Building Altoona, IA 50009 $5,500,000 ($121.55/SF) 7.43% Cap Rate
Executive Summary
Rare opportunity to purchase a prime net-leased investment occupied by a credit tenant. The subject property is located in Altoona, Iowa which is just east of Des Moines. The site has great visibility and easy access to Interstate 80. The building has approximately 45,340 square feet on 6.36 acres. The building was built to suit for Interstate companies' completion December 2001.
Interstate Companies, Inc. (excellent credit rating) is a very diversified with 5 operating companies with 35 locations in 14 states. 4 years remaining on lease.
Interstate Companies, Inc. (excellent credit rating) is a very diversified with 5 operating companies with 35 locations in 14 states. 4 years remaining on lease.
Property Facts
| Price | $5,500,000 | Lot Size | 6.36 AC |
| Price Per SF | $121.55 | Rentable Building Area | 45,250 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.43% | Year Built | 2001 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Truck Terminal | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 19 |
| Zoning | M-1 | ||
| Price | $5,500,000 |
| Price Per SF | $121.55 |
| Sale Type | Investment NNN |
| Cap Rate | 7.43% |
| Property Type | Industrial |
| Property Subtype | Truck Terminal |
| Building Class | B |
| Lot Size | 6.36 AC |
| Rentable Building Area | 45,250 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 19 |
| Zoning | M-1 |
Amenities
- 24 Hour Access
- Floor Drains
- Security System
- Smoke Detector
- Breakroom
Property Taxes
| Parcel Number | 171-00360187305 | Improvements Assessment | $6,160,000 |
| Land Assessment | $1,300,000 | Total Assessment | $7,460,000 |
Property Taxes
Parcel Number
171-00360187305
Land Assessment
$1,300,000
Improvements Assessment
$6,160,000
Total Assessment
$7,460,000
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Interstate Power Systems | 407 Adventureland Dr NE
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