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2425 Westown Pky 10,023 SF Office Building West Des Moines, IA 50266 $2,820,000 ($281.35/SF) 7.06% Cap Rate
Executive Summary
-Surgery Center and Clinic with Certificate of Need.
-ASC and Clinic WALT is significantly below NNN market rent.
-Significant amount of T.I. $ invested into the property 2024/ 2025.
-ASC and Clinic WALT is significantly below NNN market rent.
-Significant amount of T.I. $ invested into the property 2024/ 2025.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,023 SF
Building Class
B
Year Built/Renovated
1985/2025
Price
$2,820,000
Price Per SF
$281.35
Cap Rate
7.06%
NOI
$199,123
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,023 SF
Building FAR
0.16
Lot Size
1.43 AC
Zoning
RC - Regional Commercial District
Parking
53 Spaces (5.29 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 320-04947031101 | Improvements Assessment | $1,482,000 |
| Land Assessment | $888,000 | Total Assessment | $2,370,000 |
Property Taxes
Parcel Number
320-04947031101
Land Assessment
$888,000
Improvements Assessment
$1,482,000
Total Assessment
$2,370,000
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2425 Westown Pky
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