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521 East Locust 521 E Locust St 1,618 - 3,855 SF of Office Space Available in Des Moines, IA 50309
HIGHLIGHTS
- Located in the heart of the East Village
- Easy access to I-235
- Garage parking negotiable
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 230 | 1,618 SF | Negotiable | $30.71 CAD/SF/YR $2.56 CAD/SF/MO $49,689 CAD/YR $4,141 CAD/MO | Modified Gross | ||
| 2nd Floor, Ste 240 | 2,237 SF | Negotiable | $30.71 CAD/SF/YR $2.56 CAD/SF/MO $68,699 CAD/YR $5,725 CAD/MO | Modified Gross |
2nd Floor, Ste 230
Office Space
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Office
- 5 Private Offices
- 2 Conference Rooms
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 3,855 SF of adjacent space
- Central Air Conditioning
- Kitchen
- Print/Copy Room
2nd Floor, Ste 240
- Listed rate may not include certain utilities, building services and property expenses
- Can be combined with additional space(s) for up to 3,855 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 521 EAST LOCUST
- Allegory
- Community Bankers of Iowa
- Fleet Feet Sports
PROPERTY FACTS
| Total Space Available | 3,855 SF | Gross Leasable Area | 23,268 SF |
| Property Type | Retail | Year Built | 1984 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 7.2/1,000 SF |
| Total Space Available | 3,855 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 23,268 SF |
| Year Built | 1984 |
| Parking Ratio | 7.2/1,000 SF |
FEATURES AND AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
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521 East Locust | 521 E Locust St
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