505 Market St - Office FOR SALE


West Des Moines, IA 50266- Outer West Des Moines/Urbandale
$7,400,000 USD
515-729-1004
505 Market St, West Des Moines, IA for Sale
$7,400,000 USD
Office - FOR SALE
1/17
null | 6.68% Cap Rate

505 Market St
West Des Moines, IA 50266
Outer West Des Moines/Urbandale


HIGHLIGHTS

  • Prime West Des Moines location within a highly sought-after office market
  • Strong surrounding uses, demographics and employment base
  • Convenient access to major commuter corridors and regional amenities
  • Fully Leased providing immediate cash flow
  • Stable tenant occupancy with limited near-term leasing risk

OVERVIEW

505 Market Street presents a rare opportunity to acquire a fully leased, income-producing office asset in the desirable Ponderosa Business District in West Des Moines. Strategically positioned in the heart of West Des Moines, the property offers investors stable cash flow, strong tenant occupancy, and long-term value appreciation potential within a market recognized for its economic strength, corporate presence, and business-friendly environment. West Des Moines continues to serve as a premier location for office users, benefiting from a diverse employment base, regional accessibility, and sustained commercial growth.

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

6.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

PUD B&C

APN/PARCEL ID

320-04127198030

ASK ABOUT THIS PROPERTY

Abbey GilroyCoterie Real EstateMore Info
515-729-1004

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Abbey GilroyCoterie Real EstateMore Info
515-729-1004

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