Urbandale, IA Retail Property For Sale

BUILDING HIGHLIGHTS:

• Freestanding building that formerly operated as a

bank

• Features muti-lane drive-thru

• Bank vault

• Drive up teller equipment

• Breakroom

• Private offices

• Ample parking

• Close to I-80 access

• Minutes from an excellent selection of retail and

dining

• Local ownership and responsive property

management

SALE INCLUDES THE FOLLOWING ASSEMBLAGE:

- 3892 NW Urbandale Drive (Multi-Tenant Retail

Center): 19,300 RSF

- 3922 NW Urbandale Drive (Two-Tenant Outlot

Building): 3,802 RSF

- 3880 NW Urbandale Drive (Big O Tires): 6,100

RSF

INVESTMENT HIGHLIGHTS

• Net Leasable Area: 29,202 RSF (Three buildings)

• Offering Price: $5,686,739

• Gross Land Area: 3.6 AC

• Year Built: 2004 - 2006

• Buildings currently structured as condos

• Buildings can be sold separately

• Minutes away from Hy-Vee, Urban Town Center,

Homemakers Furniture, and Merle Hay Mall

• Priced Well Below Replacement Cost

• Located near heavily traveled Douglas Avenue

(22,900 VPD)

PROPERTY DETAILS

• Rentable Square Feet: 3,802 SF

• Year Built: 2006

• Price: $1,850,000

• Cap Rate: 5.75%

• NNN Leases

PROPERTY DETAILS

• Rentable Square Feet: 6,100 SF

• Year Built: 2004

• Price: $2,215,000

• Cap Rate: 5.50%

• NNN Lease

Retail and Salon suites available on 86th Street

• Sale Price: $2,800,000.00

• Availability: 10,025 SF

• Lease Rate: $12.00/SF NNN

• Operating Expenses: $5.96/PSF

• Building Size: 22,000 SF

• Lot Size: 2.52 acres

• TI Allowance: Negotiable

– Ample on-site parking

– Other business located in this center include Panera, The

Change Dance Studio, Accents & Interiors, Urbaneffects

medspa, La Tropicana Mexican Food Market, The Scooter

Store, Urban Nails and Spa, Woodfields Wood Shop Furniture,

Awaken Health Spa and Groucho’s Lounge