512 NE Main St - Distribution FOR SALE


$5,500,000 USD
515-778-2605
512 NE Main St, Grimes, IA for Sale
$5,500,000 USD
Distribution - FOR SALE
1/12
null | 8.63% Cap Rate


OVERVIEW

512 NE Main Street in Grimes, Iowa presents a compelling net-leased industrial investment opportunity anchored by Crunchyroll, LLC, a division of Sony Group Corporation, one of the world’s leading anime and entertainment platforms. Situated on 6.61 acres with immediate access to HWY 141 and proximity to the new GrimesPlex entertainment district, the property also offers significant value-add potential with room to expand. Grimes is one of the fastest-growing suburbs in the Des Moines metro, having tripled in population over the past two decades.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

8.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.61

LAND SF

287,932

ZONING

M3

APN/PARCEL ID

311-00305510000

ASK ABOUT THIS PROPERTY

John ViggersCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-778-2605

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John ViggersCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-778-2605

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