New Frito-Lay Distribution Facility | Technology Pkwy & Development Drive Pky
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New Frito-Lay Distribution Facility Technology Pkwy & Development Drive Pky
86,520 SF Industrial Building Cedar Falls, IA 50613 $25,205,000 ($291/SF) 6.15% Cap Rate
Investment Highlights
- New construction 86,520 sq. ft. class A industrial distribution facility for Frito-Lay located in Cedar Falls, IA operating as a regional distribution
- Tenant is responsible for maintenance/repair of the parking, driveway, hard surfaced areas and repair/maintenance of the mechanical and utility system
- Convenient access to Interstate 380, and US Highways 20, 58, 63 and 218 that connect the facility to Minneapolis, Milwaukee, Omaha, Chicago, Kansas
- New 10-year NNN lease with 2% annual rent increases and minimal landlord responsibilities
- Mission Critical Build-to-Suit Distribution Hub - a relocation and expansion of a nearby smaller product exchange center into a larger regional DC
- New Class A+ concrete tilt-up construction with 32’ clear height, 51’6’’ x 50’ column spacing (60’ in speed bays), 480V power, and concrete lot
Executive Summary
Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed, approximately 86,520 sq. ft. concrete tilt-up Frito-Lay Distribution Center located in Cedar Falls, Iowa. The facility will operate as a regional distribution hub optimizing Frito-Lay’s supply chain network and supporting numerous smaller regional distribution centers and product exchange centers serving Iowa, southern Minnesota, and southwestern Wisconsin. The site benefits from convenient access to Interstate 380, and US Highways 20, 58, 63 and 218 that service Frito-Lay’s regional customers and smaller distribution centers, and further connect to Minneapolis, Sioux Falls, Kansas City, St Louis, Chicago, and Milwaukee, within a day’s drive. Additionally, the site can accommodate a future expansion of the facility by approximately 10,000 square feet.
Property Facts
| Price | $25,205,000 | Rentable Building Area | 86,520 SF |
| Price Per SF | $291 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2024 |
| Cap Rate | 6.15% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 32 FT |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 27 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 11.79 AC |
| Price | $25,205,000 |
| Price Per SF | $291 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 11.79 AC |
| Rentable Building Area | 86,520 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| Clear Ceiling Height | 32 FT |
| No. Dock-High Doors/Loading | 27 |
| No. Drive In / Grade-Level Doors | 1 |
Amenities
- Air Conditioning
Utilities
- Water
- Sewer
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PROPERTY TAXES
| Parcel Number | 8914-34-402-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $58,700 |
PROPERTY TAXES
Parcel Number
8914-34-402-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$58,700
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New Frito-Lay Distribution Facility | Technology Pkwy & Development Drive Pky
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