investment highlights – Ankeny
- BEST IN CLASS // Premium class “A” multi-story construction and amenities that should command the highest rates in the market.
- PRIME LOCATION // Positioned in a prime retail corridor next to major retailers such as Target, Home Depot and Kohl’s to name a few. Backs to Monarch HW with over 67,200 passing vehicles per day.
- DESIRABLE LAYOUT & DESIGN // Features a large drive through interior loading area with a favorable mix of both multi-story climate control as well ground level drive-up non climate access in the rear. Large institutional quality leasing office located in the front of the main building with premium third level elevated signage on the exterior.
- STRONG DEMOS // Growing suburban area of Des Moines with over 16 percent population growth forecast over the next five years within the five-mile trade area. Affluent tenant base with average HH incomes exceeding $114,000 per year.
- STABILIZING TRADE AREA // The next operator will be positioned well to capture significant occupancy and rental rate gains as the trade area stabilizes from a robust development cycle. Average occupancy across the competitive set is approaching 90 percent.
investment highlights – West Des Moines
- BEST IN CLASS // Premium class “A” multi-story construction and amenities with an interior pull through loading area.
- PRIME LOCATION // Positioned in an affluent growing retail/office corridor near major retailers such as Trader Joes, Walmart and TJ Max to name a few.
- STRONG STORAGE FUNDAMENTALS // Three-mile trade area boasts a favorable 4.79 square foot per capita ratio and low 90s occupancy across the stabilized competitors.
- ABOVE AVERAGE LEASE UP // Since opening in April of 2021, the facility has posted an average monthly occupancy gain of three percent with strong momentum heading into the back half of 2022.
- EXCELLENT THREE MILE DEMOS // Population: 53,767; Households: 22,885; Avg HH Income: $128,926
