110 11th St - Freestanding FOR SALE


Des Moines, IA 50309- Downtown Des Moines
$1,175,000 USD
110 11th St, Des Moines, IA for Sale
$1,175,000 USD
Freestanding - FOR SALE
1/6
null | 8.7% Cap Rate

110 11th St
Des Moines, IA 50309
Downtown Des Moines


HIGHLIGHTS

  • Fully Leased
  • Strong Location

OVERVIEW

Fully leased for 5 years with built in annual rent escalation. Great cash flow. Long term Tenants. Great performing industrial/retail/commercial investment property in downtown Des Moines. Building is located near the the new DSM soccer stadium development. Sale includes building and adjacent paved parking lot with 7-8 parking spaces. 4.5 years left on new 5 year leases (with options to renew) from 3 tenants with annual rental increases built in. NNN NOI: $100,000+ Additional Information available upon request.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

8.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

DX1

APN/PARCEL ID

020-01456000000,320-02743001000

ASK ABOUT THIS PROPERTY

Bobby ScottRsms 3 LlcMore Info

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