510 E Agency Road presents an unparalleled user or investor acquisition, offering a fully equipped modern industrial building at the heart of West Burlington, Iowa. This rare offer apart from competitors with a wealth of desirable features and specs, perfectly equipped for the needs of today’s warehousing, distribution, and manufacturing businesses.
Built in phases between 1955 and 1990, 510 E Agency Road comprises a total of 394,886 square feet of Class A space. Its flexible layout includes 318,905 square feet of warehouse space, as well as 75,981 square feet of dedicated office space across two floors. The offices include private workspaces, collaborative open areas, conference rooms, break areas, lobby/reception spaces, and restrooms, ensuring efficient operations and strong front-of-house presence for businesses.
The building features excellent utilities and infrastructure with Alliant Energy, with 13.8 KVA and an additional 13.8 KVA in place. There are nine transformers, with two units at 1,500 KVA, four at 1,000 KVA, and 3 at 75 KVA, as well as nine switchgear substations feeding 33 480v 3-phase busways for distribution throughout the plant. The building is also equipped with highly efficient T8 lighting as well as compressed air throughout the building.
Loading and unloading at 510 E Agency Road is seamless, with 11 dock doors and a grade-level drive-in door with a ramp. There is also an interior clear height of 24 feet, facilitating a number of vertical storage options. The building is served by multiple cranes with 10-ton, 7-ton, 5-ton, 3.5-ton, 1-ton, three-quarter ton, half ton, and quarter ton capacity, allowing simplified movement of goods. Other desirable property features include an on-site water treatment facility and a full wet sprinkler system.
Situated on an expansive 38.7-acre lot, the property is easily able to accommodate a large workforce with on-site parking for 675 vehicles. The site also includes abundant excess land, allowing convenient future expansion and long-term growth. The lot is fully fenced, with a guard station for added security.
510 E Agency Road’s prime location ensures seamless regional connectivity, situated just off the interchange of Highway 34 and 61. There are also freight solutions to the site, with Burlington Junction railroad running along the east property line and connecting to the BNSF mainline approximately 1.5 miles north of the property. The property’s central Midwest location benefits distributors, allowing the movement of goods to major metropolitan hubs within one day’s drive, including Des Moines, Chicago, Kansas City, Indianapolis, and St Louis.
While the facility presents the perfect choice for industrial owner-users, 510 E Agency Road also delivers substantial upside for a value-add investor. A new owner will be able to easily tenant the property, with strong submarket demand and an availability rate of just 7.2%. No competing inventory is currently being built in the area, and the tight supply has resulted in industrial rent growth of 2.2% during the past 12 months. The appeal of the region is elevated by strong industrial workforce availability, with more than 30% of workers within 5 miles of the property employed in blue-collar industries.
Blending a wealth of modern features and infrastructure, convenient accessibility, and long-term growth potential, 510 E Agency Road provides the perfect acquisition for businesses or investors seeking to enter or expand in Des Moines County. Reach out to the Phoenix Investors team today to schedule a property tour and learn more about this one-of-a-kind opportunity.
