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Ashworth Tower 1025 Ashworth Rd 94,830 SF Office Building West Des Moines, IA 50265 $8,957,910 CAD ($94.46 CAD/SF) 11.80% Cap Rate
Investment Highlights
- 11.82% Cap Rate based on current Net Operating Income
- Single-Tenant, NNN Lease providing minimal landlord responsibilities
- 94,830 SF across five stories with 18,966 SF floorplates
- 100% Fee Simple Interest in a premier West Des Moines office asset
- Fully Leased – 100% occupancy
- Ample Parking with 396 stalls and a strong 4.36/1,000 SF ratio
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
94,830 SF
Building Class
B
Year Built/Renovated
2010/2016
Price
$8,957,910 CAD
Price Per SF
$94.46 CAD
Cap Rate
11.80%
NOI
$1,057,033 CAD
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
18,966 SF
Slab To Slab
10’
Building FAR
0.42
Lot Size
5.22 AC
Zoning
PCP - Park Commerce District
Parking
391 Spaces (4.12 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 320-01156002002 | Improvements Assessment | $8,034,556 CAD |
| Land Assessment | $2,122,336 CAD | Total Assessment | $10,156,892 CAD |
Property Taxes
Parcel Number
320-01156002002
Land Assessment
$2,122,336 CAD
Improvements Assessment
$8,034,556 CAD
Total Assessment
$10,156,892 CAD
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Ashworth Tower | 1025 Ashworth Rd
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