1025 Ashworth Rd - Office FOR SALE


West Des Moines, IA 50265- Outer West Des Moines/Urbandale
$6,500,000 USD
515-865-2985
1025 Ashworth Rd, West Des Moines, IA for Sale
$6,500,000 USD
Office - FOR SALE
1/11
null | 11.8% Cap Rate

1025 Ashworth Rd
West Des Moines, IA 50265
Outer West Des Moines/Urbandale


HIGHLIGHTS

  • 11.82% Cap Rate based on current Net Operating Income
  • 100% Fee Simple Interest in a premier West Des Moines office asset
  • Single-Tenant, NNN Lease providing minimal landlord responsibilities
  • Fully Leased – 100% occupancy
  • 94,830 SF across five stories with 18,966 SF floorplates
  • Ample Parking with 396 stalls and a strong 4.36/1,000 SF ratio

OVERVIEW

Ashworth Tower, a 94,830 SF, five-story, single-tenant office building located at 1025 Ashworth Road in West Des Moines, Iowa. Situated on a 5.22-acre site, the Property is fully leased on a triple-net (NNN) basis to Businessolver, a creditworthy tenant, providing stable and predictable income. Originally constructed in 2010 and extensively renovated in 2016, Ashworth Tower offers efficient 18,966 SF floorplates, ample surface parking, and strong functionality. The Property is 100% occupied with over 4 years of remaining lease term, making it a compelling investment with redevelopment upside. Its prime West Des Moines location offers exceptional accessibility, positioned less than 1.5 miles from I-235 and within 10 minutes of Downtown Des Moines.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

11.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ashworth Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

391

LAND DETAILS

LAND ACRES

5.22 AC

LAND SF

227,383 SF

ZONING

PCP

APN/PARCEL ID

320-01156002002

ASK ABOUT THIS PROPERTY

Tyler DingelCBREMore Info
515-865-2985

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tyler DingelCBREMore Info
515-865-2985

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.