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403 South 8th Street, Monte...

Stan Johnson Co Sells Industrial Property In Montezuma, IA For $8.3M
SOLDIndustrial

Stan Johnson Co Sells Industrial Property In Montezuma, IA For $8.3M

403 South 8th Street, Montezuma, Iowa 50171, United States

$8,300,000

$42/SF

Building Size

194,267 SF

Asset Type

Industrial

Closing

Jul 12, 2022

AI

The industrial property located at 403 S 8th St in Montezuma, IA has been sold for $8,300,000. The property spans a total area of 194,267 square feet, resulting in a price per square foot of $43.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $8,300,000
  • Square Footage: 194,267
  • Price Per Square Foot: $43
  • Address: 403 S 8th St, Montezuma, IA
  • Market: Montezuma, IA

The transaction was facilitated by Rob Gemerchak from Stan Johnson Co, serving as the broker representing the parties involved in the deal.

Players

Rob Gemerchak

Stan Johnson Company

Broker

$20.8M

vol

3 deals

Broker

Montezuma Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93