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100 Formad Industrial Dr 113,400 SF 100% Leased Industrial Building Fort Madison, IA 52627 $9,266,477 CAD ($81.71 CAD/SF) 7.50% Cap Rate

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Investment Highlights

Fully leased 113,400 SF industrial property
Clear Height 26'

9 Dock Doors, 7 Overhead Doors

Executive Summary

Colliers is pleased to present for sale this fully leased 113,400 SF industrial property located at 100 Formad Industrial Drive in Fort Madison, Iowa. The property was constructed for the current tenant, Foam Fabricators, in 2001, providing over 25 years of consistent and reliable tenancy and income. Proving mission-critical, Foam Fabricators recently extended their lease by eight years to reflect a current term of 11-years remaining.

100 Formad Industrial Dr, Fort Madison, IA-OM

Property Facts

Price	$9,266,477 CAD	Rentable Building Area	113,400 SF
Price Per SF	$81.71 CAD	No. Stories	1
Sale Type	Investment	Year Built	2001
Cap Rate	7.50%	Clear Ceiling Height	26’
Property Type	Industrial	No. Dock-High Doors/Loading	9
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$9,266,477 CAD
Price Per SF	$81.71 CAD
Sale Type	Investment
Cap Rate	7.50%
Property Type	Industrial
Building Class	B
Rentable Building Area	113,400 SF
No. Stories	1
Year Built	2001
Clear Ceiling Height	26’
No. Dock-High Doors/Loading	9
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.