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100 Formad Industrial Dr
Fort Madison, IA 52627
Industrial Property For Sale
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.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built | 2001 |
| Property Type | Industrial | Clear Ceiling Height | 26’ |
| Building Class | B | No. Dock-High Doors/Loading | 9 |
| Rentable Building Area | 113,400 SF | Opportunity Zone |
Yes
|
| 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 |
Property Taxes
| Parcel Number | 02-47-14-12-200-0310 | Improvements Assessment | $3,055,047 CAD |
| Land Assessment | $351,680 CAD | Total Assessment | $3,406,727 CAD |
Property Taxes
Parcel Number
02-47-14-12-200-0310
Land Assessment
$351,680 CAD
Improvements Assessment
$3,055,047 CAD
Total Assessment
$3,406,727 CAD
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