702 E Railroad St | Lake Park, IA 51347
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- LoopNet Team
702 E Railroad St
Lake Park, IA 51347
Industrial Portfolio Sale Leaseback · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Initial 10-year absolute triple net lease with 2% annual escalations
- Strong tenant credit profile with growing revenue and EBITDA YoY
- Mission critical facilities producing 100% of company revenue
- Company with long operating history with operations dating back to 1938
- Top customers have been with the company for 20+ years
- Significant investment into the facilities with a $2.5 million expansion in Lake Park completed in 2014 & over $4 million invested in M&E
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 69,487 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built/Renovated | 1991/2013 |
| Lot Size | 6.03 AC | Tenancy | Single |
| Zoning | Industrial | ||
| Property Type | Industrial |
| Property Subtype | |
| Building Class | C |
| Lot Size | 6.03 AC |
| Rentable Building Area | 69,487 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1991/2013 |
| Tenancy | Single |
| Zoning | Industrial |
PROPERTY TAXES
| Parcel Number | 01-27-400-009 | Improvements Assessment | $1,491,500 |
| Land Assessment | $82,800 | Total Assessment | $1,574,300 |
PROPERTY TAXES
Parcel Number
01-27-400-009
Land Assessment
$82,800
Improvements Assessment
$1,491,500
Total Assessment
$1,574,300
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