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Pella Marketplace 1514-1598 Washington St 34,728 SF 87% Leased Retail Building Pella, IA 50219 $6,070,185 CAD ($174.79 CAD/SF) 8% Cap Rate
Investment Highlights
- Investment Property For Sale - Walmart Shadowed Retail Center
- Excellent Location on Washington Street
- Ample Parking
- 100% Leased
- Strong Tenant Mix
Executive Summary
Investment opportunity for this 34,360 SF Walmart shadowed retail center in Pella, Iowa. The center is 100% leased! Excellent location on Washington Street, adjacent to Walmart Supercenter. Strong tenant mix to include Sincera Health, Domino's, Maurices, Great Clips, Whylie Eye Care, Verizon Wireless, Triumph Martial Arts, Premise Health, Mueller Chiropractor, Special Nails & Spa, and Yamato Steak House of Japan. Pella is home to Central College, Pella Corporation, and Vermeer Corporation.
Property Facts
Sale Type
Investment
Property Type
Building Size
34,728 SF
Building Class
C
Year Built
2007
Price
$6,070,185 CAD
Price Per SF
$174.79 CAD
Cap Rate
8%
NOI
$485,615 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
6.25 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 1739800505 | Improvements Assessment | $4,504,941 CAD |
| Land Assessment | $734,492 CAD | Total Assessment | $5,239,433 CAD |
Property Taxes
Parcel Number
1739800505
Land Assessment
$734,492 CAD
Improvements Assessment
$4,504,941 CAD
Total Assessment
$5,239,433 CAD
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Pella Marketplace | 1514-1598 Washington St
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