6611 Partners Ave - Distribution FOR SALE


Marion, IA 52302
$4,317,429 USD
319-721-1520
6611 Partners Ave, Marion, IA for Sale
$4,317,429 USD
Distribution - FOR SALE
1/3
null | 7% Cap Rate

6611 Partners Ave
Marion, IA 52302


HIGHLIGHTS

  • Excellent access to Highways 151 and 13 for regional connectivity
  • Strong 7% cap rate with $306,000 annual NOI
  • Modern 2018 construction in a premier industrial park
  • Tenant is a leading Midwest final-mile delivery provider
  • Long-term net lease with approximately eight years remaining

OVERVIEW

This offering presents a rare opportunity to acquire a high-quality, single-tenant industrial investment in the thriving Marion Enterprise Center, one of Eastern Iowa’s most robust industrial corridors. The property at 6611 Partners Ave is a purpose-built distribution facility designed to support last-mile logistics, featuring a modern, functional layout ideal for efficient operations. Constructed in 2018, the building sits on 5.67 acres and spans 27,000 SF, ensuring long-term adaptability for industrial users. The asset is 100% leased to Spee-Dee Delivery Service Inc, a well-established regional carrier with over four decades of operational excellence and a multi-state footprint. With approximately eight years remaining on the primary lease term, investors benefit from durable, predictable cash flow and minimal management responsibilities under a net lease structure. The offering delivers a strong 7% cap rate and $306,000 in annual NOI, making it an attractive option for 1031 exchange buyers and long-term holders seeking stable yield.

FOR SALE DETAILS

PRICE

$4,317,429 USD

PRICE/SF

$160 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.66

LAND SF

246,599

ZONING

PUD

APN/PARCEL ID

15032-01008-00000

ASK ABOUT THIS PROPERTY

Adam GibbsGLD Commercial Real Estate AdvisorsMore Info
319-721-1520

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Adam GibbsGLD Commercial Real Estate AdvisorsMore Info
319-721-1520

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