Phoenix Investors Acquires 365,640-Square-Foot Industrial Property In West Burlington, IA For $5.8M

Phoenix Investors has acquired a 365,640-square-foot industrial property located at 510 East Agency Road in West Burlington, Iowa. The property was purchased for a total price of $5.8 million, with a price per square foot of $16. In collaboration with the City of West Burlington, the new ownership plans to transform the facility into a high-quality industrial product.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,800,000
• Address: 510 East Agency Road, West Burlington, IA
• Market: West Burlington, IA
• Acreage: 39 acres

The industrial property in West Burlington offers various features such as clear height, office space, dock doors, and ample parking. Phoenix Investors aims to enhance and develop the property to meet the demands of the industrial market. The collaboration with the City of West Burlington demonstrates the commitment to revitalizing the area and creating a high-quality industrial space.