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Kibbey Building 125 E Main St 8 212 pi² 100% Loué Commerce de détail Immeuble Marshalltown, IA 50158 1 064 798 $ CAD (129,66 $ CAD/pi²) 8,74% Taux de capitalisation
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Faits saillants de l'investissement
- Strong economic base.
- Free city parking lot to the south.
- Mature, stable market with predictable cash flows
- E Main Street frontage in downtown core, only 1 block from the courthouse.
- Within walking distance to retailers, restaurants, business services, and financial institutions
Résumé de l'annonce
The Kibbey Building in downtown Marshalltown presents a compelling mixed-use investment opportunity with stabilized income and unique historic character. Originally constructed in 1895, this property underwent a full restoration between 2016 and 2018, including replacement of all major systems such as electrical, plumbing, HVAC, roof membrane, and fire suppression. Today, it offers diversified revenue streams across three commercial suites and four loft-style residential apartments, each with two bedrooms.
Occupancy has remained at 100% since completion, supported by CPI-escalating net leases on the commercial spaces that extend through 2028 and 2029, ensuring predictable cash flow for years ahead. Residential units add further income stability, generating over $55,000 annually. Included in the sale is the adjacent 0.15-acre Gallery Garden, a landscaped green space currently under deed restriction until 2032, with redevelopment rights restored thereafter.
Located in Marshalltown’s central business district, the Kibbey Building benefits from E Main Street frontage, proximity to restaurants, retailers, financial institutions, and free public parking. With a purchase price of $760,000 and an 8.74% cap rate alongside a net operating income of $66,431, this property offers investors long-term upside in a market characterized by steady demand and moderate operating costs.
Occupancy has remained at 100% since completion, supported by CPI-escalating net leases on the commercial spaces that extend through 2028 and 2029, ensuring predictable cash flow for years ahead. Residential units add further income stability, generating over $55,000 annually. Included in the sale is the adjacent 0.15-acre Gallery Garden, a landscaped green space currently under deed restriction until 2032, with redevelopment rights restored thereafter.
Located in Marshalltown’s central business district, the Kibbey Building benefits from E Main Street frontage, proximity to restaurants, retailers, financial institutions, and free public parking. With a purchase price of $760,000 and an 8.74% cap rate alongside a net operating income of $66,431, this property offers investors long-term upside in a market characterized by steady demand and moderate operating costs.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
8 212 pi²
Classe d’immeuble
C
Année de construction/rénovation
1895/2016
Prix
1 064 798 $ CAD
Prix par pi²
129,66 $ CAD
Taux de capitalisation
8,74%
Revenu net d’exploitation
93 063 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,26
Taille du lot
0,15 AC
Zone de développement économique
Oui
Zonage
CBD
Moyennement accessible à pied
60/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 8418-35-202-011 | Évaluation des bâtiments | 487 312 $ CAD |
| Évaluation du terrain | 18 621 $ CAD | Évaluation totale | 505 933 $ CAD |
Impôts fonciers
Numéro de lot
8418-35-202-011
Évaluation du terrain
18 621 $ CAD
Évaluation des bâtiments
487 312 $ CAD
Évaluation totale
505 933 $ CAD
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Kibbey Building | 125 E Main St
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