1805 E Washington St - Warehouse FOR SALE


Mount Pleasant, IA 52641
$10,675,000 USD
952-221-8067
1805 E Washington St, Mount Pleasant, IA for Sale
$10,675,000 USD
Warehouse - FOR SALE
1/13
null | 7.5% Cap Rate

1805 E Washington St
Mount Pleasant, IA 52641


HIGHLIGHTS

  • Two 25 ton HVAC systems added in 2021 for Envelope converter room
  • Below market rents
  • Ample Loading
  • Fully Sprinkled

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,675,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

20

DRIVE INS

2

PARKING SPACES

208

LAND DETAILS

LAND ACRES

22.38

LAND SF

974,873

ZONING

Industrial

APN/PARCEL ID

411081042800200

ASK ABOUT THIS PROPERTY

Andrew LubinskiCBRE, Inc.More Info
952-221-8067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Andrew LubinskiCBRE, Inc.More Info
952-221-8067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.