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New Amazon site owner hopes to sell for twice the price

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Corridor Business Journal: Less than a year after it acquired the Iowa City warehouse that is now home to an Amazon last-mile delivery center, new owners Tamshazon LLC have put the property up for sale – at nearly twice the price. The business entity created by California-based Cardinal Industrial purchased the 2500 Heinz Road property in January for $13.4 million, or what was then about 165% of its 2019 assessed value of $8,116,130. A notation on the sales record at the time indicated the higher price for the 346,553-square-foot warehouse was the result of the “quality of tenant and lease (Amazon).”

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