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.
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