Description
Long-term net leased distribution facility located in the highly desirable Marion Enterprise Center. Tenant is Spee-Dee Delivery Service Inc, a well-established regional carrier with a multi-state footprint & decades of operating history. The building features a functional industrial layout designed specifically to support last-mile distribution operations. It's currently 100% leased with approximately 8 years remaining on the primary lease term, offering investors durable, predictable cash flow and long-term income security. This offering represents a rare opportunity to acquire a credit-backed, single-tenant net-leased industrial asset in one of Eastern Iowa's strongest industrial corridors within a professionally developed industrial park. Well suited for both 1031 exchange buyers & long-term hold investors seeking stable yield with minimal management. Members of ownership entity are licensed real estate brokers in Iowa
Property Highlights
Property Type: Commercial - Industrial
Building Description: 1.0 stories
Year Built: 2018
Lot Size: 5.67 acres
General Information
County: Linn
Listed By:
GLD COMMERCIAL
319-731-3400
Adam Gibbs
Cedar Rapids MLS
MLS ID: 2600021
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Get in Touch
Shown By
Agent Name: Jamie Wiley
Agent Phone: (224) 383-8365
Agency Title: Ruhl&Ruhl Realtors
Agent Email:
Contact an agent to learn more about
6611 Partners Avenue, Marion, IA 52302.
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563-441-1862
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| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $4,317,429 | $4,317,429 |
| Down Payment | $151,110 | $863,486 |
| Monthly Mortgage Amount | $25,758 | $20,987 |
| Taxes | $6008 | $6008 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,590 | $0 |
| Monthly Estimated Total | $35,615 | $28,254 |
About this area
Find homes for sale in Marion, IA and learn about the local community and real estate market.
Full of history, Marion, IA is in the top ten of places to raise families. The city is located on the Northeast border of Cedar Rapids and offers all the amenities of big city living while still being a great place to raise a family. Marion, Iowa is one of the youngest cities per capita in the Midwest with its 36,000 residents.
Its Parks and Recreation Department maintains over 600 acres of public ground with a combined total of 41 parks and green spaces. These facilities are used year-round with fun, family-friendly events. Check out music on City Square, the May Arts festival, or the Fall Into Marion festival.
If you’re looking to relocate, Ruhl&Ruhl Realtors has plenty of homes for sale in Marion, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Marion and if you need to do a little more research before buying, check out the pages below for additional options:
Marion is located outside of Cedar Rapids. View homes for sale in the Cedar Rapids area for more real estate options.
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Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776