Lot 9a Ders Dr - Flex FOR SALE


Cedar Rapids, IA 52404
$960,655 USD
319-550-2125
Lot 9a Ders Dr, Cedar Rapids, IA for Sale
$960,655 USD
Flex - FOR SALE
1/5
null | Request Cap Rate

Lot 9a Ders Dr
Cedar Rapids, IA 52404


HIGHLIGHTS

  • Centrally Located
  • Flexible Space
  • Right off I380 Interstate Exit

OVERVIEW

This offering presents a new construction industrial building opportunity in Cedar Rapids, Iowa. The project is designed as a flexible shop / warehouse & office facility, offering both a cost-effective shell option and a fully finished turn-key solution. We have 3 typical sizes that we build. 6,192 sqft. (31x32 office, 50x104 shop) 8,502 sqft. (31x42 office, 60x120 shop) 13,248 sqft. (32x54 office, 80x144 shop) Note 1: If this isn’t exactly what you are looking for, we can mix & match different office & shop sizes to your liking. The attached images can help as a guide. Or we are happy to meet with you to talk through your, your clients, or your investment needs. Note 2: We can even divide the office & shop in half so you can own the building but lease half of it as an investment / income property. You could also occupy the front half and lease the back space as a shop, indoor, or outdoor storage. We are offering 2 options to the market. The Vanillla Shell option gives clients the ability to finish it themselves or customize to their liking. The Finished option offers a beautiful turn-key workable space ready to go. Lot Information: Lot Number: 9b. Lot Size: 1.37 ac. Parcel: 0304330001 Building Dimensions: Office: 32’ x 54’ | 992 sqft. Shop: 50’ x 104’ | 5,200 sqft. Total Building: 6,192 sqft. Pricing Summary Vanilla Shell: Price: $960,655 Estimated Monthly Payment: $4,588 Lease Rate | Base Rent: $5,964 / month Finished Turn-Key: Price: $1,430,131 Estimated Monthly Payment: $6,830 Lease Rate | Base Rent: $8,878 / month ** We typically have the building erected and ready for occupancy in approximately 12-16 weeks. Property Overview Post frame construction with insulated shop, 20’ ceiling height, 4 - 16’ x 16’ overhead doors, 200 amp electrical service, LED lighting, and full utilities to the building. Office Layout (Finished Option) Reception area, 2 - private offices, 12 - chair conference room, walk-up kitchenette area, 1 - restroom, LVP flooring, and utility room for water heater & data/storage servers. Site & Civil Improvements The Vanilla Shell option Includes grading, utilities, aggregate base, and stormwater infrastructure, building erection, and insulation with 16’x16’ OH doors and 3’ walk in doors. We leave the floor gravel due to clients having different wants, needs, and sometimes the client wants to finish it themselves to save money. Finished option includes concrete parking lot, apron, office & shop finished to city code. Turn key product similar to the attached image. 10’ ceilings in the office & 20’ eve height in the shop. Customization Options Options include floor drains, radiant heat, wash bays, mezzanine space, 3-phase power, and security systems. Investment Highlights Centrally located in the fast growing corridor right off the exit, less than 3 miles away from the data center projects, there is strong demand for contractor space, low maintenance construction, and flexible lease or owner-user strategies. Location Overview Located in the heart of the Corridor between North Liberty and Cedar Rapids on Ders Drive NW in Cedar Rapids, Iowa, right off the Swisher / Shueyville exit on the West side of I380, less than ½ mile to the interchange. Approx 1 mile to the Eastern Iowa Airport and 2.5 miles to the new Data Center Megaprojects. Investment Highlights • New construction, low maintenance • Strong contractor / industrial demand • Flexible build-to-suit options • Attractive lease vs ownership spread Building Features • 20’ clear height shop • (4) 16’x16’ overhead doors • 200 amp electrical • Utilities to building • Insulated shop with liner panel Customization Options The options are almost limitless. Floor drains, radiant heat, wash bays, mezzanine storage, 3-phase power, security systems, fence, gate, loading ramp or dock and more. We work closely with Dupaco Community Credit Union for flexible financing that can include interest only payments for the first 12 months. If you have any questions, feel free to give us a call. Happy to help.

FOR SALE DETAILS

PRICE

$960,655 USD

PRICE/SF

$155 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lot 9a 6,192 sqft. Design/Build

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

-

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37

LAND SF

59,677

ZONING

Commercial

APN/PARCEL ID

0304330001

ASK ABOUT THIS PROPERTY

Trev AdairPinnacle RealtyMore Info
319-550-2125

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Trev AdairPinnacle RealtyMore Info
319-550-2125

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