Technology Pkwy & Development Drive Pky - Distribution FOR SALE


Cedar Falls, IA 50613
$25,205,000 USD
415-713-8578
Technology Pkwy & Development Drive Pky, Cedar Falls, IA for Sale
$25,205,000 USD
Distribution - FOR SALE
1/8
null | 6.15% Cap Rate

Technology Pkwy & Development Drive Pky
Cedar Falls, IA 50613


HIGHLIGHTS

  • New construction 86,520 sq. ft. class A industrial distribution facility for Frito-Lay located in Cedar Falls, IA operating as a regional distribution
  • New 10-year NNN lease with 2% annual rent increases and minimal landlord responsibilities
  • Tenant is responsible for maintenance/repair of the parking, driveway, hard surfaced areas and repair/maintenance of the mechanical and utility system
  • Mission Critical Build-to-Suit Distribution Hub - a relocation and expansion of a nearby smaller product exchange center into a larger regional DC
  • Convenient access to Interstate 380, and US Highways 20, 58, 63 and 218 that connect the facility to Minneapolis, Milwaukee, Omaha, Chicago, Kansas
  • New Class A+ concrete tilt-up construction with 32’ clear height, 51’6’’ x 50’ column spacing (60’ in speed bays), 480V power, and concrete lot

OVERVIEW

Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed, approximately 86,520 sq. ft. concrete tilt-up Frito-Lay Distribution Center located in Cedar Falls, Iowa. The facility will operate as a regional distribution hub optimizing Frito-Lay’s supply chain network and supporting numerous smaller regional distribution centers and product exchange centers serving Iowa, southern Minnesota, and southwestern Wisconsin. The site benefits from convenient access to Interstate 380, and US Highways 20, 58, 63 and 218 that service Frito-Lay’s regional customers and smaller distribution centers, and further connect to Minneapolis, Sioux Falls, Kansas City, St Louis, Chicago, and Milwaukee, within a day’s drive. Additionally, the site can accommodate a future expansion of the facility by approximately 10,000 square feet.

FOR SALE DETAILS

PRICE

$25,205,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Frito-Lay Distribution Facility

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

Water, Sewer

CLEAR CEILING HT

32 Ft

DOCKS

27

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.79

LAND SF

513,572

ZONING

-

APN/PARCEL ID

8914-34-402-002

ASK ABOUT THIS PROPERTY

Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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Christopher SheldonCushman & WakefieldMore Info
415-713-8578

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