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Riverpoint Business Park 5 Properties Offered at $25,818,966 CAD in Des Moines, IA
Investment Highlights
- Nearby amenities including hotels with conference facilities, restaurants, retail, medical, and Court Avenue Entertainment District.
- Managed by Hubbell Realty Company.
- Constructed in a small (shallow) bay format, these buildings feature optimum flexibility for office, warehouse, and showroom needs.
- The portfolio is strategically positioned along multiple mass transit bus routes, providing convenient, high-frequency access.
- Free, on-site surface parking at all properties.
- The opportunity to own this portfolio is almost singular in nature as there exists significant barriers to development of similar small bay product.
Executive Summary
CBRE is pleased to offer this value-add investment opportunity to own five (5) small bay (office/warehouse) buildings within Riverpoint Business Park. Strategically located on the south end of Des Moines’ Central Business District, these five buildings feature flexible and modern workspaces, while catering to tenant’s diverse operational needs. Businesses at Riverpoint benefit from a professional atmosphere complemented by free, surface-level parking and immediate accessibility to the Des Moines Regional Transit Authority (DART) mass transit system.
While the Riverpoint Business Park Portfolio is being marketed as a cohesive five-building offering totaling 229,164 RSF across 16.917 acres, the Seller will also evaluate proposals for select individual assets or logical multi-building combinations. This flexibility provides investors with the opportunity to acquire the full scale and operational synergy of the entire portfolio or tailor an acquisition to specific size, tenancy, or repositioning objectives.
While the Riverpoint Business Park Portfolio is being marketed as a cohesive five-building offering totaling 229,164 RSF across 16.917 acres, the Seller will also evaluate proposals for select individual assets or logical multi-building combinations. This flexibility provides investors with the opportunity to acquire the full scale and operational synergy of the entire portfolio or tailor an acquisition to specific size, tenancy, or repositioning objectives.
Property Facts
| Price | $25,818,966 CAD | Number of Properties | 5 |
| Price / SF | $114.97 CAD / SF | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 224,580 SF |
| Status | Active | Total Land Area | 15.83 AC |
| Price | $25,818,966 CAD |
| Price / SF | $114.97 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 2 |
| Total Building Size | 224,580 SF |
| Total Land Area | 15.83 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 600 SW 7th St, Des Moines, IA 50309 | Flex | 53,620 SF | 1990 | - |
| 501 SW 7th St, Des Moines, IA 50309 | Flex | 44,674 SF | 2001 | - |
| 535 SW 7th St, Des Moines, IA 50309 | Flex | 34,521 SF | 2004 | $4,786,355 CAD |
|
Riverpoint
601 SW 9th St, Des Moines, IA 50309 |
Industrial | 51,685 SF | 1979 | - |
| 400 SW 8th St, Des Moines, IA 50309 | Office | 40,080 SF | 1999 | $4,786,355 CAD |
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