555 9Th St Altoona, IA 50009

This exceptional 300,000-square-foot warehouse, built in 2023, is situated on a 50-acre lot in Altoona, Iowa, at 555 9th St NE, 50009. The property boasts 18 dock-high doors (with expansion capabilities), two drive-in doors (one at each end), and a 32-foot ceiling height. The building features a 7-inch floor slab, a 60-mil EPDM roof, and efficient LED high-bay lighting. Power is supplied by a 3-phase, 480-volt, 3,000-amp system, and an ESFR sprinkler system is in place. Ample parking is available with 229 spaces total, including 163 auto spaces and 66 trailer stalls. The warehouse offers approximately 2,000 square feet of office space, expandable as needed. The column spacing is 50' x 50'. This NNN-leased multi-tenant property benefits from its strategic location within a prime industrial corridor, offering easy access to Interstates 35 and 80, and proximity to Des Moines International Airport. The estimated Year 1 operating expenses are $1.48 per square foot, and the lease rate is $6.50 per square foot, NNN. The sale price is negotiable. This property presents a significant opportunity for investors and businesses seeking a modern, well-equipped distribution center in a thriving industrial area.