10201 University Ave | Clive, IA 50325
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10201 University Ave
Clive, IA 50325
Westridge Shopping Center in West Des Moines · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased Kohl’s Anchored Shopping Center in Highly Desirable West Des Moines Location: ±175,000 SF Retail Center Located in West Des Moines
- Exceptional Mark to Market Opportunity: Kohl’s & Burlington (60%+ of GLA) Leased at $8.00 PSF NNN, Significantly Below Market
- Attractive Cost Basis: Attractive Asking Price (~$132 PSF) - Well Below Replacement Cost, with Significant Value-Add Potential
- Prime Retail Location: Located Near Major Retailers Including Whole Foods, Target, Home Depot, and Fareway Meat & Grocery
- Outparcel Development Potential: ±6,000 SF Development-Ready Pad Offering Further Value-Add Opportunity
- Des Moines Market Strength: 700,000+ Metro Population, 8.3% Growth Over 10 Years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
174,649 SF
Building Class
B
Year Built
1988
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.30
Lot Size
13.28 AC
Zoning
C-4 - Planned Shopping Center
Parking
635 Spaces (6.54 Spaces per 1,000 SF Leased)
Frontage
464’ on University
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $13,950,000 | |
| Land Assessment | $6,150,000 | Total Assessment | $20,100,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,150,000
Improvements Assessment
$13,950,000
Total Assessment
$20,100,000
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