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700 IA-148
Anita, IA 50020

$2,330,000 USD

Warehouse For Sale  •  60,000 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 60,000 SF
  • Lot Size 4.61 AC
  • Building Class C
  • Year Built 2004
  • Tenancy Single
  • Zoning C
10 Walk Score

Highlights

Fully leased 60,000 SF industrial facility occupied by Pomp’s Tire Service, Inc. through December 31, 2029
Attractive 9.0% cap rate with $210,000 in-place NOI and 3.0% annual rent escalations
Tire retread and distribution facility supporting Pomp’s regional operations
Acquisition basis of under $40 per square foot, significantly below replacement cost
Direct access to Interstate 80, one of the nation’s primary east-west transportation corridors
2004 construction featuring standing seam metal roof, 6 dock doors and 1 drive-in door

Property Flyers

Cole Skow 507-327-9830 Colliers
Cole Skow 507-327-9830 Colliers