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
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0BEDS
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5.67ACRES
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0BATHS
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01/2 BATHS
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27,000SQFT
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$160$/SQFT
School Ratings & Info
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