Listed by CBRE - Des Moines
$6,500,000
1025 Ashworth Road
Details
Property Type Office
Sub Type Traditional Office
Square Footage 94,830
Net Rentable (SqFt) 90,736
Cap Rate 11.84%
NOI $768,193
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/31/2031
Class B
Year Built 1970
Year Renovated 2016
Stories 5
Acreage 5.220
Zoning Professional Commerce Park (PCP)
Parking Spaces 396 spaces
Parking Per SqFt 4.18
Investment Type Redevelopment
Ownership Fee Simple
Office | 11.84% CAP | 94,830 SqFt
Marketing description
CBRE, as exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in Ashworth Tower, a 94,830-square-foot, single-tenant office building fully occupied by Businessolver. The Property is 100% leased with over 4 years remaining, offering investors stable, long-term cash flow backed by a creditworthy tenant with substantial redevelopment upside.
Investment highlights
- 11.82% Cap Rate based on current Net Operating Income
- 100% Fee Simple Interest in a premier West Des Moines office asset
- Single-Tenant, NNN Lease providing minimal landlord responsibilities
- Fully Leased – 100% occupancy
- 94,830 SF across five stories with 18,966 SF floorplates
- Creditworthy Tenant – Businessolver headquarters
- Ample Parking with 396 stalls and a strong 4.36/1,000 SF ratio
- Renovated in 2016, enhancing building systems and tenant appeal
- Prime West Des Moines Location with quick access to I-235
- Professional Commerce Park (PCP) Zoning supporting long-term office use
- Below market rents and operating expenses
Listing Contacts
Listed by CBRE - Des Moines
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$768,193.00
$64,016.08/mo
Valuation Metrics
0
DSCR
11.82%
Cap Rate
11.82%
ROI
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