For Sale
$5,294,267
1201 Pennsylvania Ave Des Moines, IA 50316
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Dense medical corridor with proximity to multiple hospitals.
- No early termination or kick-out clauses in the lease.
- Creditworthy tenant, DaVita, Inc., with strong S&P rating (BB) and $12.14B in revenue.
- Investment in a growing industry with 562,000 ESRD patients.
- Resilient investment, insulated from broader macroeconomic fluctuations.
- Long-term, passive income stream with a 15-year base lease term.
Property Details for 1201 Pennsylvania Ave
- Property type
- Office properties, Medical offices
- Square Feet
- 8,583 SF
- Year Built/Renovated
- 1988/2024
- Buildings
- 1
- Lot Size (sq. ft)
- 54,450 SF
Location Insight
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Latitude
- 41.6008458
- Longitude
- -93.6079583
Nearby Similar for Sale
FAQs
- Where is the office property located?
- The property is located at 1201 Pennsylvania Ave Des Moines, IA.
- What is the asking price?
- The asking price for this property is $5,294,267.
- What are key features of this property?
- This property features: Dense medical corridor with proximity to multiple hospitals.; No early termination or kick-out clauses in the lease.; Creditworthy tenant, DaVita, Inc., with strong S&P rating (BB) and $12.14B in revenue.
- How can I contact the broker?
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