4520 20th Ave SW - Value Add Opportunity

Acreage

9.65 acres

Building Size

232,750 SF

Zoning

Light Industrial

This 232,750-square-foot institutional-quality distribution warehouse presents a stable, income-generating asset with proximity to Cedar Rapids' emerging data center corridor. The property is fully leased to Consolidated Electrical Distributors under a net lease structure, generating $1,024,800 annually at a 7.5% capitalization rate. In-place rents remain below current market levels, offering embedded upside potential, while the acquisition price reflects a discount to replacement cost. The site benefits from direct access to Highway 30 and I-380, providing robust regional and interstate connectivity. It is located near the 1,400-acre data center campus anchored by Google and QTS Data Centers, positioning the property within an established infrastructure ecosystem attractive to hyperscale and edge operators. Tall clear heights and flexible distribution functionality support potential adaptive reuse or long-term hold scenarios aligned with growing power and logistics demands in the market. This asset combines immediate cash flow stability with strategic location advantages in a corridor experiencing significant data center investment and expansion.