David Whitaker
BROKER | AUCTIONEER | OWNER
This Newton Iowa commercial property for sale comprises approximately 0.10 ± acres and includes a 12,000 ± sq ft metal-construction office/industrial building located in the Newton Business Park. With long-term tenants, steady income stream, and a demonstrated 13% cap rate based on 5-year average income and expenses, this asset is ideal for investors seeking an Iowa commercial real estate opportunity with strong fundamentals.
Key Features & Property Highlights:
-0.10 ± total acres located at 1801 N 13 Ave E, Newton, Iowa (Jasper County)
-12,000 ± sq ft building, industrial-office use, zoned 1-L Light Industrial District
-Long-term tenants in place; average 5-year income approx. $72,860/year versus expenses ~$20,488/year (13% cap rate at $400k bid)
-Strong location inside Newton Business Park with access for office, service or commercial users
-Presented by Whitaker Marketing Group | Investment-grade Iowa commercial asset
All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. This sale is subject to all easements, covenants, leases, and restrictions of record. All sales are presumed to be made by the individual judgment of the purchaser. All property is sold on an “As is- Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a whole dollar amount basis. Seller reserves the right to reject any and all bids. Any announcements made auction day by the auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the auctioneer. All decisions of the auctioneer are final.
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