Listed by NAI Iowa Realty Commercial - Des Moines
$9,350,000
2301 Fleur Drive
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 143,832
Net Rentable (SqFt) 143,832
NOI $877,388
Occupancy 100%
Tenancy Single
Brand/Tenant EMCOR (NYSE: EME), WESCO (NYSE: WCC)
Lease Type NNN
Lease Expiration 03/30/2027
Rent Bumps Yes
Zoning DX2 - Downtown District
Investment Type Stabilized
Ceiling Height 18-20'
Loading Docks 13
Dock High Doors 6
Industrial | 143,832 SqFt
Marketing description
For Sale
Located on the east side of Fleur Drive, just south of Gray's Lake; entrance is on the north side of Bell Avenue. Convenient access to downtown, the Des Moines Airport, and the south beltway.
Investment highlights
- Warehouse distribution building with 143,832 square feet of net rentable area
- Abundant outside storage onsite
- 100% leased to two tenants
- 6 dock doors and 7 drive-in doors
- Clear Height: 18-20 feet
- Column Spacing: 30' x 60'
- Power: 1,200 amp, 480 3-Phase
- Zoning: DX2 - Downtown District
Listing Contacts
Listed by NAI Iowa Realty Commercial - Des Moines
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$877,387.52
$73,115.63/mo
Valuation Metrics
0
DSCR
9.38%
Cap Rate
9.38%
ROI
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