10201 University Ave - Freestanding FOR SALE
Clive, IA 50325 |
10201 University Ave
Clive, IA 50325
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
- Prime Retail Location: Located Near Major Retailers Including Whole Foods, Target, Home Depot, and Fareway Meat & Grocery
- Exceptional Mark to Market Opportunity: Kohl’s & Burlington (60%+ of GLA) Leased at $8.00 PSF NNN, Significantly Below Market
- Outparcel Development Potential: ±6,000 SF Development-Ready Pad Offering Further Value-Add Opportunity
- Attractive Cost Basis: Attractive Asking Price (~$132 PSF) - Well Below Replacement Cost, with Significant Value-Add Potential
- Des Moines Market Strength: 700,000+ Metro Population, 8.3% Growth Over 10 Years
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Westridge Shopping Center in West Des Moines
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
174649
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
635
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
291-00835001001,291-00835001002
