415 62nd St, Marion, IA 52302

$1,465,000
19,592
SqFt

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List Price
$1,465,000
MLS#
2603192
Status
ACTIVE
County
Linn
City
Marion
Living Area
19,592
Acres
1.48

Property Description

Fully leased industrial property in Marion consisting of two buildings on a single parcel. The property includes 12 units ranging in size from approximately 466 SF to 2,850 SF, providing a mix of small-bay spaces. The property has maintained strong historical occupancy and offers consistent in-place income. Leases are currently structured on a gross basis, presenting an opportunity to transition to NNN and improve expense recovery. Additional upside may be achieved through modest improvements and rent adjustments.

Additional Information

Days on Market
127
Year Built
2004
Stories
1
Cooling
See Remarks
Heating
Other
Roof
Metal

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Calculator source: Real Geeks

Listing courtesy of GLD COMMERCIAL.