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950 Office Park Rd 40,704 SF 100% Leased Office Building West Des Moines, IA 50265 $2,850,000 ($70.02/SF) 7.83% Cap Rate
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
40,704 SF
Building Class
B
Year Built
1978
Price
$2,850,000
Price Per SF
$70.02
Cap Rate
7.83%
NOI
$223,097
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,568 SF
Slab To Slab
10’
Building FAR
0.27
Lot Size
3.41 AC
Zoning
PCP - Professional Commerce Park
Parking
200 Spaces (1 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Natural Light
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- River Roots Health & Wellness
- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| River Roots Health & Wellness | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 123
- 594 SF
- Office
- Full Build-Out
- 30 Days
- 1st Fl-Ste 125
- 817 SF
- Office
- Full Build-Out
- 30 Days
- 3rd Fl-Ste 335
- 883 SF
- Office
- Full Build-Out
- 90 Days
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 123 | 594 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 125 | 817 SF | Office | Full Build-Out | 30 Days |
| 3rd Fl-Ste 335 | 883 SF | Office | Full Build-Out | 90 Days |
1st Fl-Ste 123
| Size |
| 594 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 125
| Size |
| 817 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Fl-Ste 335
| Size |
| 883 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 90 Days |
Property Taxes
| Parcel Number | 320-01156107000 | Improvements Assessment | $740,000 |
| Land Assessment | $1,030,000 | Total Assessment | $1,770,000 |
Property Taxes
Parcel Number
320-01156107000
Land Assessment
$1,030,000
Improvements Assessment
$740,000
Total Assessment
$1,770,000
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Presented by
950 Office Park Rd
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