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512 NE Main St 71,447 SF Industrial Building Grimes, IA 50111 $7,813,850 CAD ($109.37 CAD/SF) 8.63% Cap Rate
Executive Summary
512 NE Main Street in Grimes, Iowa presents a compelling net-leased industrial investment opportunity anchored by Crunchyroll, LLC, a division of Sony Group Corporation, one of the world’s leading anime and entertainment platforms. Situated on 6.61 acres with immediate access to HWY 141 and proximity to the new GrimesPlex entertainment district, the property also offers significant value-add potential with room to expand. Grimes is one of the fastest-growing suburbs in the Des Moines metro, having tripled in population over the past two decades.
Property Facts
| Price | $7,813,850 CAD | Lot Size | 6.61 AC |
| Price Per SF | $109.37 CAD | Rentable Building Area | 71,447 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.63% | Year Built | 1950 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M3 - Heavy Industrial | ||
| Price | $7,813,850 CAD |
| Price Per SF | $109.37 CAD |
| Sale Type | Investment |
| Cap Rate | 8.63% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 6.61 AC |
| Rentable Building Area | 71,447 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M3 - Heavy Industrial |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Right Stuf
- Arts, Entertainment, and Recreation
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Right Stuf | Arts, Entertainment, and Recreation | - | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 311-00305510000 | Improvements Assessment | $3,524,867 CAD |
| Land Assessment | $648,757 CAD | Total Assessment | $4,173,624 CAD |
Property Taxes
Parcel Number
311-00305510000
Land Assessment
$648,757 CAD
Improvements Assessment
$3,524,867 CAD
Total Assessment
$4,173,624 CAD
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512 NE Main St
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