600 arrasmith trail - loopnet · customer service building: • built ~1994. • office floor...

600

Arrasmith

Trail

Table of Contents• Offering Terms

• Property Overview

• Floor Plan

• Client Notes

• Taxes and Utility Info

• Trade Area Report

• Photo GalleryChris [email protected]: 515-231-9180

Jon [email protected]: 515-290-0192

For More Information, Please Contact the Listing Team:

mailto:[email protected]


Offering TermsRE/MAX Real Estate Center is exclusively representing the seller in this transaction.• 600 Arrasmith Trail is being offered

on a cash basis or new loan contingency.

• Seller reserves the right to leaseback provisions for 12-18 monthswhile their new facility is beingconstructed. This is negotiable in length and lease back provisions. Ask the listing broker for additional information.

All Offers Should Include: • Purchase Price• Earnest Money, including the

amount that is non-refundable• Due Diligence Terms• Possession Date and Leaseback

Terms Desired• Proof of Funds/Prequalification

All communications, inquiries, and showing requests should be communicated to the RE/MAX Commercial Team listed on page 2.

Overview

• Flex Industrial Facility on 8.58 acres

• 59,585 sq ft comprised of 36k sq ft + of warehouse and 10k + office

• 6+ Acre Fenced Yard

• Rural Water, HeavyElectric

MLS#: 53800 600 Arrasmith TR, Ames, IA 50010 $1,150,000Property Type: Commercial/IndustryType: IndustrialArea: 0001 - Ames NEZoning: IndustrialBusiness Type: Industrial; Manufacturing; WarehouseConstruction: CombinationLot Size Dimensions:Lot Size SqFt: 359,370# of Acres: 8.25Drive-In Doors: 5+Drive-In Doors Type: VariedDrive-In Doors Size: Varied

Current Price: 1,150,000Status: ActiveCounty: Story

Year Built: 1967Age: 51+ YearsParking Spaces: 51 - 100 Spaces# Levels: 2# of Units: 1

Apx SqFt: 54,000Leased SqFt: 0Building Size: 54000Ceiling Height: Varied Heights

Electric: RuralHeating: Forced AirCooling: Central AirAssociation Fee:Association Fee Per:

Taxes Gross: 21,627.82

Taxes Net: 19,124Tax Abatement:Assessed Value 839,700

Equipment Features3 Phase; Overhead Sprinkler; Some EquipmentStreet ConstructionHard SurfaceUnderground Tank: Unknown

WaterRural; WellSewerSepticWater HeaterUnderground TankUnknown

FloorConcrete; Tile; VinylRoofFlat; MetalFoundationSlab

Showing InstructionsPossessionTermsAs Agreed; Cash

Public Remarks: Industrial Zoned, Office and Warehouse Flex Facility in North Ames. The current owner is building a new facility and will lease back the space for a 12-18mo period. This location has quick access viaRiverside Road to I35, ample parking, a 6+ acre fenced in contractor's yard, multiple conferencing rooms, 36k+ square feet of warehouse space and over 10k square feet of office space. The facility was previously used formanufacturing and has ample water and electric to site. Lots of opportunity to move your construction, engineering, or manufacturing firm to this location. The facility would also be excellent as an investment to sub-divide asa contractors depot for smaller contractors. DOM: 5

RE/MAX REAL ESTATE CENTERChristopher Betts1606 SO. DUFFAMES, IA [email protected]://www.chrisbettsrealestate.com515-231-9180

Information is deemed to be reliable, but is not guaranteed. © 2020 MLS and FBS. Prepared by Christopher Betts on Saturday, January 25, 2020 9:29 AM. The information on this sheet has been made available by the MLS and may not bethe listing of the provider.


http://www.chrisbettsrealestate.com/

http://www.centraliowamls.com/

http://www.flexmls.com/copyright_notice.html?1

Facility Layout

Client Notes By BuildingMain Office Building:

• Built ~1967• Front entrance added ~1993.• RTUs ~1994.• Replaced front (north) windows with more energy efficient glass ~1994.• Have started converting light fixtures to LED when repair or replacement is needed.• Stand-by emergency generator for partial office power.

Fabrication/Warehouse/Material Reduction/Blast and Paint:

• North portion of Fabrication built ~1950.• South portion of Fabrication built ~1973.• West portion of Warehouse built ~1967, center ~1973, east ~1997.• Other areas ~1967 and ~1973.• Cranes and much of crane-way in Fabrication will be retained and moved by WesTech.• Material Reduction has two crane-ways with no cranes.• Blast & Paint has monorail crane-way with no cranes.• Multiple balcony and mezzanine areas.• Second floor area consists of storage areas remodeled to office areas in 1994 – 1996.• One RTU for office area replaced in 2019.• Roof over office area repaired with membrane overlay in 2018.

Customer Service Building:

• Built ~1994.• Office floor elevation is approximately three feet above shop floor.• 40’ x 55’ office area on main floor with both men’s and women’s restrooms.• Main office area also has a lab with combination eyewash and emergency shower.• 40’ x 55’ upper office area and large training room.• Balcony storage area with three-person office area.• One of two A/C units replaced ~2018.• Shop service bay with 3-ton, electric overhead bridge crane.• One-ton monorail hoist on bridge under balcony.• Combination eyewash and emergency shower in shop area.

Client Notes By Building (Continued)Research and Development:

• Built ~2001.• 45 KVA transformer, 240V 3ph. -> 208/120V 1ph.• 45 KVA transformer, 240V 3ph. -> 480V 3ph.• Combination eyewash and emergency shower.• Small mezzanine area.

Storage Building (south end of R&D):

• Built ~1990.• Small mezzanine storage areas.• Combination eyewash and emergency shower

Controls Assembly/Pump House (Warehouse 2):• Built ~1997.• Small storage mezzanines.• Area of building sectioned off to contain fire sprinkler supply pump.• 45 KVA transformer, 240V 3ph. -> 208/120V 1ph.• Heated by LP gas.

Assembly Shop (Warehouse 3):• Built ~2004.• Restroom (unisex) with mezzanine above.• 75 KVA transformer, 240V 3ph. -> 208/120V 1ph.• 75 KVA transformer, 240V 3ph. -> 480V 3ph.• 75 KVA transformer, 240V 3ph. -> 575V 3ph.

Paint Shed:• Built ~1967.• Has heat and electric, no A/C or IT• Has concrete floor.• No water service.

Taxes and Utilities

Gross Taxes- $21,627

Net Taxes- $19,124

Water- ~$7,000 annual

Electric- ~$41,000 annual

Gas- ~$50,000 annual

Below are the current taxes and metered usage by the current tenant. They have 50 employees, do some light manufacturing, but mostly R&D at this facility. Utilities could vary greatly by tenant usage.

Chris Betts REALTOR®

COMMERCIAL TRADE AREA REPORT

Ames Saved Area

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Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.

1/25/2020


Criteria Used for AnalysisIncome:Median Household Income

Age:Median Age

Population Stats:Total Population

Segmentation:1st Dominant Segment

$53,044 25.6 68,164 Dorms to Diplomas

Consumer SegmentationLife Mode UrbanizationWhat are thepeople like thatlive in this area?

Scholars and PatriotsCollege campuses and military neighborhoods

Where do peoplelike this usuallylive?

Metro CitiesAffordable city life, including smaller metros, satellite cities

Top TapestrySegments Dorms to Diplomas College Towns In Style Soccer Moms Metro Renters

% of Households 5,116 (19.0%) 4,647 (17.3%) 4,282 (15.9%) 1,923 (7.2%) 1,214 (4.5%)

% of Ames, IA 5,827 (15.6%) 4,647 (12.4%) 4,366 (11.7%) 3,046 (8.2%) 1,214 (3.2%)

Lifestyle Group Scholars and Patriots Scholars and Patriots GenXurban Family Landscapes Uptown Individuals

Urbanization Group Metro Cities Metro Cities Metro Cities Suburban Periphery Principal UrbanCenters

Residence Type Multi-Unit Rentals Multi-Unit Rentals;Single Family

Single Family Single Family Multi-Unit Rentals

Household Type Non-FamilyHouseholds

Singles Married CouplesWithout Kids

Married Couples Singles

Average Household Size 2.2 2.12 2.33 2.96 1.66

Median Age 21.5 24.3 41.1 36.6 31.8

Diversity Index 52.5 53.5 36.9 48.3 59.3

Median Household Income $17,000 $28,000 $66,000 $84,000 $52,000

Median Net Worth $9,000 $11,000 $128,000 $252,000 $14,000

Median Home Value – – $214,000 $226,000 –

Homeownership 7.9 % 25.5 % 68.8 % 85.5 % 20.8 %

Average Monthly Rent $990 $890 – – $1,310

Employment Students, Services orProfessional

Students, Services orProfessional

Professional orManagement



Education College Degree College Degree College Degree College Degree College Degree

Preferred Activities Buy trendy clothes. Eatfrozen dinners, fastfood.

Use computers, cellphones foreverything. Shopimpulsively.

Support arts, concerts,theaters,museums. Usecoupons, mobilecoupons.

Go jogging, biking,target shooting. Visittheme parks, zoos.

Prefer environmentallysafe products. Practiceyoga, Pilates; ski.

Financial Carry credit cardbalances

Pay bills online Hold retirementsavings, insurancepolicies

Carry high level ofdebt

Spend wages on rent

Media Connect by cell phone Customize cell phones Carry, use smartphones Shop, bank online Active on Facebook,Twitter, YouTube,LinkedIn

Vehicle Choose importedsubcompact car

Prefer vehicle withgood gas mileage

Own late-model SUVsor trucks

Own 2+ vehicles(minivans, SUVs)

Take publictransportation, taxis;walk; bike

Ames Saved Area

Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity. 1/25/2020

20182023 (Projected)

Total PopulationThis chart shows the total population inan area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually


Population DensityThis chart shows the number of peopleper square mile in an area, comparedwith other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually


Population Change Since 2010This chart shows the percentage changein area's population from 2010 to 2018,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

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Total Daytime PopulationThis chart shows the number of peoplewho are present in an area during normalbusiness hours, including workers, andcompares that population to othergeographies. Daytime population is incontrast to the "resident" populationpresent during evening and nighttimehours.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Ames Saved Area: Population ComparisonAmes Saved Area

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Daytime Population DensityThis chart shows the number people whoare present in an area during normalbusiness hours, including workers, persquare mile in an area, compared withother geographies. Daytime population isin contrast to the "resident" populationpresent during evening and nighttimehours.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually


Average Household SizeThis chart shows the average householdsize in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually


Population Living in FamilyHouseholdsThis chart shows the percentage of anarea’s population that lives in ahousehold with one or more individualsrelated by birth, marriage or adoption,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Women 2018Men 2018Women 2023 (Projected)Men 2023 (Projected)

Female / Male RatioThis chart shows the ratio of females tomales in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

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Median AgeThis chart shows the median age in anarea, compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually


Population by AgeThis chart breaks down the population ofan area by age group.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Ames Saved Area: Age ComparisonAmes Saved Area

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Average Household IncomeThis chart shows the average householdincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually


Median Household IncomeThis chart shows the median householdincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually


Per Capita IncomeThis chart shows per capita income in anarea, compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Average Disposable IncomeThis chart shows the average disposableincome in an area, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Ames Saved Area: Economic ComparisonAmes Saved Area

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Ames, IAUSA

Unemployment RateThis chart shows the unemploymenttrend in an area, compared with othergeographies.Data Source: Bureau of Labor Statisticsvia 3DLUpdate Frequency: Monthly

Employment Count byIndustryThis chart shows industries in an areaand the number of people employed ineach category.Data Source: Bureau of Labor Statisticsvia Esri, 2018Update Frequency: Annually

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Less than 9th GradeThis chart shows the percentage ofpeople in an area who have less than aninth grade education, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Some High SchoolThis chart shows the percentage ofpeople in an area whose highesteducational achievement is some highschool, without graduating or passing ahigh school GED test, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

High School GEDThis chart shows the percentage ofpeople in an area whose highesteducational achievement is passing ahigh school GED test, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

High School GraduateThis chart shows the percentage ofpeople in an area whose highesteducational achievement is high school,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Some CollegeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is somecollege, without receiving a degree,compared with other geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Ames Saved Area: Education ComparisonAmes Saved Area

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Associate DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is an associatedegree, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Bachelor's DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is a bachelor'sdegree, compared with othergeographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

Grad/Professional DegreeThis chart shows the percentage ofpeople in an area whose highesteducational achievement is a graduateor professional degree, compared withother geographies.Data Source: U.S. Census AmericanCommunity Survey via Esri, 2018Update Frequency: Annually

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Best Retail Businesses: Ames Saved Area

This chart shows the types of businesses that consumers are leaving an area to find. The business types represented by blue bars are relatively scarce in the area,so consumers go elsewhere to have their needs met. The beige business types are relatively plentiful in the area, meaning there are existing competitors for thedollars that consumers spend in these categories.Data Source: Retail Marketplace via Esri, 2018Update Frequency: Annually

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Office Space

Warehouse/Manufacturing Space

Shop/Maintenance Areas

Construction Yard

600 arrasmith trail - loopnet · customer service building: • built ~1994. • office floor...

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