Industrial Space /IA /Cerro Gordo County /Mason City /1755 15th Street SW
Industrial Space /IA /Cerro Gordo County /Mason City /1755 15th Street SW

1755 15th Street SW - Distribution FOR SALE


Mason City, IA 50401 | 
$5,304,658 USD
510-388-4438
1755 15th Street SW, Mason City, IA for Sale
$5,304,658 USD
Distribution - FOR SALE
1/2
null | 7.75% Cap Rate
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1755 15th Street SW
Mason City, IA 50401

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HIGHLIGHTS

  • FedEx Ground Net Leased Offering
  • Minimal Landlord Obligations
  • 100% Fee Simple Interest
  • Recent Lease Extension Shows Commitment to the Location
  • S&P Rated BBB Investment Grade Credit
  • Corporate Guaranty

OVERVIEW

The subject property is a 43,039 square foot building, leased to FedEx Ground on a net lease. The recently extended lease expires in August 2029 and comes with two, 5 year option periods. The lease is corporately guaranteed. The asset is well located in Mason City, Iowa with easy access to US-18.

FOR SALE DETAILS

PRICE

$5,304,658 USD

PRICE/SF

$123 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FedEx Ground Net Leased Offering

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

30 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.1

LAND SF

222,156

ZONING

Light Industrial

APN/PARCEL ID

07-17-251-00-400

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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

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