Stan Johnson Company Brokers Sale of Iowa Manufacturing Facility for $8.3 Million

403 South 8th Street-Montezuma-Iowa

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant industrial building leased to Dieomatic Incorporated, a subsidiary of Magna International, which is a leading tier one global automotive supplier. The 194,267-square-foot manufacturing building is located at 403 South 8th Street in Montezuma, Iowa. Rob Gemerchak, SIOR/CCIM of Stan Johnson Company, represented the seller, a New York-based private investment firm. The buyer, an individual investor based in Des Moines, Iowa, acquired the asset for $8.3 million. 

“We received strong interest from investors who recognized the mission-critical nature of the facility as well as the intrinsic value the full-scale manufacturing capabilities provided to the real estate,” said Gemerchak, Director in Stan Johnson Company’s Toledo, Ohio office. “Industrial manufacturing facilities with interstate access and a proximate employment base remain a very attractive segment within the net lease marketplace as vacancies are low, demand is strong and lease rates continue to increase for these production-capable facilities.” 

The well-maintained building sits on 14.9 acres and features ceiling heights to 50 feet, 40-ton cranes, heavy power capacity, multiple truck docks and high-quality offices. The tenant is a major employer within Montezuma, situated on the Interstate 80 corridor between Iowa City and Des Moines. The lease features a triple net expense structure and a long-term tenant commitment. 

View Profile
About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.