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Warrior Station 40-64 E Hickman Rd 18,854 SF 80% Leased Office Building Waukee, IA 50263 $6,350,000 ($336.80/SF) 6.52% Cap Rate
Investment Highlights
- Located in established professional business area.
Executive Summary
Sale Price: $6,900,000.00
Actual NOI: $413,904
Cap Rate: 6.0%
Renewal Options: Two - 5 Year Options with increases
Traffic Counts: 23,500 VPD (2024 IA DOT)
Local, Professionally Managed
Actual NOI: $413,904
Cap Rate: 6.0%
Renewal Options: Two - 5 Year Options with increases
Traffic Counts: 23,500 VPD (2024 IA DOT)
Local, Professionally Managed
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
18,854 SF
Building Class
B
Year Built
2011
Price
$6,350,000
Price Per SF
$336.80
Cap Rate
6.52%
NOI
$413,904
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,854 SF
Building FAR
0.20
Lot Size
2.13 AC
Zoning
C-1 - Community Highway Service Commercial District
Parking
89 Spaces (4.72 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This former orthodontics office is built-out with a spacious reception/waiting area, multiple large and versatile open rooms and 3 restrooms (2 public/1 private). For operating expenses call broker's.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 60 | 3,759 SF | Office/Retail | Partial Build-Out | Now |
1st Fl-Ste 60
| Size |
| 3,759 SF |
| Space Use |
| Office/Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 60
| Size | 3,759 SF |
| Space Use | Office/Retail |
| Condition | Partial Build-Out |
| Available | Now |
This former orthodontics office is built-out with a spacious reception/waiting area, multiple large and versatile open rooms and 3 restrooms (2 public/1 private). For operating expenses call broker's.
1 1
Bike Score®
Very Bikeable (72)
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Warrior Station | 40-64 E Hickman Rd
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