Stan Johnson Co Sells Industrial Property In Montezuma, IA For $8.3M
SOLD
$8,300,000
Industrial194,267 SF
Sold 07/13/2022
SOLD
Stan Johnson Co Sells Industrial Property In Montezuma, IA For $8.3M
403 South 8th Street, Montezuma, Iowa 50171, United States
See Similar DealsIndustrial194,267 SF
Sold 07/13/2022
Summary
IOWA
Asset Type:Industrial
Price Per Square Foot:$42
Total Square Footage:194,267 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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