For Sale
$1,370,000

205 Garfield St Carlisle, IA 50047

16,991 SF Flex/Warehouse, 7.55% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
133
This Carlisle, Iowa industrial property presents a compelling investment opportunity, currently operating under a net lease (NNN). The 16,991-square-foot flex/warehouse building sits on a 1.2-acre lot and is zoned M-1 Light Industrial. Constructed in phases (1968 and 1972), the property underwent a complete renovation in 2023, boasting a new metal exterior and roof, along with updated office space. The single-tenant building enjoys 100% occupancy, with a five-year lease commencing December 1, 2023, and expiring November 30, 2028. The lease includes annual rent bumps of 2%. The property features two loading docks and offers a strong cap rate of 7.55% at an asking price of $1,370,000 ($80.63/SF). This NNN investment is ideal for those seeking a stable, long-term income stream. The sale includes parcels 39560000130 and 39560000151. This property is located at 205 S Garfield St, Carlisle, IA 50047.

Highlights

  • $1,370,000 asking price for this 16,991 square foot industrial property.
  • Net lease investment opportunity with a 7.55% cap rate.
  • Located at 205 S Garfield St, Carlisle, IA 50047, this single-tenant property features a 5-year lease commencing December 1, 2023.
  • The property includes 1 building, totaling 16,991 square feet of net rentable space, on a 1.2-acre lot.
  • Recent renovations include a new metal exterior, roof, and office upgrades. The property has 2 loading docks.

Property Details for 205 Garfield St

Property type
Warehouses, Industrial properties
Square Feet
16,991 SF
Year Renovated
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Carlisle
County
Warren
State
Iowa
Latitude
41.4964326
Longitude
-93.4852088

FAQs

What type of property is this?
Warehouse - 16,991 SF Flex/Warehouse, 7.55% Cap Rate
Where is the warehouse located?
The property is located at 205 Garfield St Carlisle, IA.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: $1,370,000 asking price for this 16,991 square foot industrial property.; Net lease investment opportunity with a 7.55% cap rate.; Located at 205 S Garfield St, Carlisle, IA 50047, this single-tenant property features a 5-year lease commencing December 1, 2023.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
205 Garfield St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message