40-64 E Hickman Rd - Medical FOR SALE


Waukee, IA 50263
$7,749,000 USD
515-453-5482
40-64 E Hickman Rd, Waukee, IA for Sale
$7,749,000 USD
Medical - FOR SALE
1/14
null | 6.5% Cap Rate

40-64 E Hickman Rd
Waukee, IA 50263


HIGHLIGHTS

  • Located in the rapidly growing community of Waukee, Iowa, along high-traffic Hickman Road with exposure to over 23,500 vehicles per day.
  • Anchored by UnityPoint Clinic under a 10-year NNN lease, ensuring a secure and reliable income stream for investors.
  • Features tenant mix including UnityPoint Clinic and Greater Des Moines Orthodontics, both with remaining lease terms and renewal options

OVERVIEW

This premier development consists of six professionally managed office condominiums, four of which are available for purchase. The anchor tenant, UnityPoint Clinic, occupies three of the four available units, totaling 15,095 SF. The clinic has four years remaining on their initial 10-year NNN lease, plus renewal options. The fourth unit for sale, is occupied by Greater Des Moines Orthodontics, features 3,759 SF of finished main-level space, along with 1,363 SF of lower-level, unfinished space. The orthodontist has 2 years remaining, plus a renewal option. The final 2 units are owned and occupied by Walnut Hills Pediatric Dentistry and are not being offered for sale. With its strong tenancy and prime location, Warrior Station Condominiums is an exceptional fit for 1031 exchange buyers and investors seeking a stable, income-producing medical office asset with long-term growth potential in fast growing communit

FOR SALE DETAILS

PRICE

$7,749,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warrior Station

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

C-1

APN/PARCEL ID

12-34-107-000

ASK ABOUT THIS PROPERTY

Jerry MarckresNAI Iowa Realty CommercialMore Info
515-453-5482

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Jerry MarckresNAI Iowa Realty CommercialMore Info
515-453-5482

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