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Fully Leased Investment Property 921-929 Marthas Way 20,295 SF 83% Leased Flex Building Hiawatha, IA 52233 $2,150,000 ($105.94/SF)
Investment Highlights
- 8 offices and 2 conference rooms
- Restrooms on each end of the space
- New windows, all new interior lighting, full duct cleaning
- 2 training rooms and 173 workstations
- New roof replacement in Spring 2022
- New on-site generator
Executive Summary
Cushman & Wakefield Iowa Commercial Advisors Exclusively Offers:
929 Marthas Way, Hiawatha, IA 52233
-Flex Industrial/Office investment offering located off of Boyson Rd in Hiawatha, IA. This space was recently fully leased to the largest renewable energy company in the United States, on a four-year term with two options of two-year renewals
-Adjacent parking lot is included in the sale
-Easily accessible from I-380
-Includes 1 overhead door and one dedicated dock access area in the rear of the building
-Built in 2005
-New roof replacement (Spring 2022)
-New windows
-New on-site generator
-Nearby businesses include: Kirkwood Community College Linn County Campus, Primerica, World Class Industries, Karma Coffee Cafe, Lucky Penny, Farm Credit Services of America
929 Marthas Way, Hiawatha, IA 52233
-Flex Industrial/Office investment offering located off of Boyson Rd in Hiawatha, IA. This space was recently fully leased to the largest renewable energy company in the United States, on a four-year term with two options of two-year renewals
-Adjacent parking lot is included in the sale
-Easily accessible from I-380
-Includes 1 overhead door and one dedicated dock access area in the rear of the building
-Built in 2005
-New roof replacement (Spring 2022)
-New windows
-New on-site generator
-Nearby businesses include: Kirkwood Community College Linn County Campus, Primerica, World Class Industries, Karma Coffee Cafe, Lucky Penny, Farm Credit Services of America
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,150,000 | Rentable Building Area | 20,295 SF |
| Price Per SF | $105.94 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2005 |
| Property Type | Flex | Parking Ratio | 9.61/1,000 SF |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 2.28 AC | ||
| Zoning | C-4 - Commercial | ||
| Price | $2,150,000 |
| Price Per SF | $105.94 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 2.28 AC |
| Rentable Building Area | 20,295 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Parking Ratio | 9.61/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-4 - Commercial |
Amenities
- Conferencing Facility
- Security System
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,708,200 | |
| Land Assessment | $520,800 | Total Assessment | $3,229,000 |
Property Taxes
Parcel Numbers
Land Assessment
$520,800
Improvements Assessment
$2,708,200
Total Assessment
$3,229,000
Contacts
-
Ryan Fitzpatrick -
Parker Ridge -
Cushman & Wakefield | Iowa Commercial Advisors
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Fully Leased Investment Property | 921-929 Marthas Way
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