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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27883415

950 Office Park Rd, West Des Moines, IA 50265

KO
IA B57438000
LOCATE Commercial Real Estate
Listed by LOCATE Commercial Real Estate
$2,850,000
219 days on market
Updated 24 days ago

950 Office Park Road

Details
Property Type Office
Sub Type Traditional Office
Square Footage 40,704
Cap Rate 7.83%
NOI $223,097
Occupancy 90%
Price per SqFt $70
Year Built 1978
Buildings 1
Stories 3
Acreage 3.414
Zoning PCP

Midtown Office Park - 950 Office Park Road, West Des Moines, IA

Marketing description

950 Office Park Road is a well-maintained, multi-tenant office building situated in the established Midtown Office Park. The property is approximately 90% occupied with a mix of long-term professional and medical office tenants, providing investors with stable in-place income and upside through remaining lease-up. This is an excellent opportunity for a value-minded investor or owner-user looking to secure a well-positioned asset in the heart of the Des Moines metro.

Investment highlights

  • Approximately 90% occupied by long-term professional and medical tenants

  • Strong in-place income with upside through remaining lease-up

  • ±3.41-acre site with excellent visibility and access

  • Convenient access to I-235 and I-35/80

  • Close to major employers, retail, dining, and hotel amenities

  • Offered well below replacement cost

Listing Contacts

KO
IA B57438000
LOCATE Commercial Real Estate
Listed by LOCATE Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,097.00
$18,591.42/mo

Valuation Metrics

0
DSCR
7.83%
Cap Rate
7.83%
ROI

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