Multi-Tenant Office
2825 S Ankeny Blvd Ankeny, IA 50023
New
2825 S Ankeny Blvd, Ankeny, IA, 50023
$2,250,000
For Sale
$2,250,000
Multi-tenant office building sold with 100% occupancy and a weighted average lease term of 3.38 years.
Property Size14,032 SF
Price / SF$160.35
Days on Market6
Property Features for 2825 S Ankeny Blvd
General Information
- Standard status
- Active
- Size
- 14,032 SF
- Property subtype
- office
Listing agency
Des Moines
(515) 419-2963
Listed by
Meredith Hedstrom · License #S20230267
(515) 419-2963
Source
Property.jll
Added: Jul 16 Updated: Jul 20 at 8:34PM Checked: Jul 21 at 3:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Des Moines
Investment Insights
Based on property information with market context.
This multi-tenant office building is offered for sale with 100% occupancy. The property includes multiple tenants, including PEAK Education, Sandeen Photography, and Halls Life Counseling, providing a diversified in-building tenant mix. The weighted average lease term (WALT) is listed at 3.38 years.
The building is located at 2825 S Ankeny Blvd in Ankeny, Iowa. Additional details on current leases and operating information are available upon request.
At a total size of 14,032 square feet, the property is set up for multiple office users under one ownership structure, supporting an income-producing portfolio approach for qualified buyers.
The building is located at 2825 S Ankeny Blvd in Ankeny, Iowa. Additional details on current leases and operating information are available upon request.
At a total size of 14,032 square feet, the property is set up for multiple office users under one ownership structure, supporting an income-producing portfolio approach for qualified buyers.
Key Highlights
- Multi‑tenant office building sold with 100% occupancy
- Weighted average lease term (WALT) of 3.38 years
- Tenant roster includes PEAK Education, Sandeen Photography, and Halls Life Counseling
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.1k | $21.96 |
| − Vacancy | −$61.6k | −$4.39 |
| EGI | $246.5k | $17.57 |
| − OpEx | −$61.6k | −$4.39 |
| NOI | $184.9k | $13.18 |
14,032 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.08M
NOI $184,886 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$13.51M
$11.82M – $15.76M
NOI $945,533 @ 7.0% cap · market cap 42.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Homegrown Kids Therapy, ...
Medical Clinic
Sandeen Photography
Photography Service
Dr. Autumn Mckeel
Physician
SR Drivers Insurance ...
Insurance Agency
Emergent Learning Clinic
Training Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-tenant office building sold with 100% occupancy and a weighted average lease term of 3.38 years.
Where is this office building located?
The property is located at 2825 S Ankeny Blvd Ankeny, IA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Multi‑tenant office building sold with 100% occupancy; Weighted average lease term (WALT) of 3.38 years; Tenant roster includes PEAK Education, Sandeen Photography, and Halls Life Counseling
