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1300 37th Street
West Des Moines, IA 50266
Asking Price
$3.88M
Cap Rate
7.25%
Asset Type
Traditional Office Office
Class
Class B
What's Special
For Sale - 22,849 SF Office building in West Des Moines, IA <ul><li>Marble and granite flooring</li><li>Carpet</li><li>Lighting</li><li>Ceiling and wall coverings</li><li>Complete remodel of suites</li><li>Renovation of north side lower level</li><li>Parking repairs</li><li>Car stops north side parking 2021-2025</li><li>Monument sign at southeast entry way</li><li>Lighted sign on building east entrance</li><li>Irrigation system added to the exterior</li><li>All windows have been replaced in last 6 years</li><li>2021 Replacement of two roofto
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NOI
$80,000
Cap Rate
2.06%
DSCR
0.35
Underwater
Cash-on-Cash
-12.91%
Monthly Payment
$19,171.386
Annual Cash Flow
$-150,056.629
