2239 Heinz Rd, IowaCity, IA 52240

Property Description

72,000 warehouse with 33,500 SF leased at $5.00 PSF/YR NNN. Taxes are $1.13 per SF/YR, Insurance is estimated to be $0.25 SF/YR and CAM is performed directly by the tenant. When the remaining vacant space of 38,500 SF is leased, the CAP rate will be 7% per year. There are 2 doc doors with levelers, 2 OH doors with 23' eave height and floors are 5" reinforced concrete. The property is located on 4.36 acres with ample truck turn space and additional employee parking. All lighting has just been upgraded to LED warehouse lights.