Class A Office Retail
For Lease
Contact for pricing
400 Locust St, Des Moines, IA 50309
Eight-story Class A office and retail building in downtown Des Moines.
Space Size1,609 SF
Days on Market204
Property Features for 400 Locust St
General Information
Standard status
Active
Size
1,609 SF
Property subtype
OFFICE
Spaces For Lease
at 400 Locust St
Capitol Square For Lease
$9 – $12/SF/Yr
Floor
1
Size
1,609 SF
Type
OFFICE
Lease Type
NET_NNN
Availability
AVAILABLE, Now
Sublease
No
Capital Square is an eight-story Class A office and retail building in the heart of downtown Des Moines. It’s beautiful open atrium design provides an abundance of natural light, versatile and substantial floor plates, and fantastic downtown views. The building offers multiple access points to the Des Moines Skywalk System and community amenities, and there are street and skywalk level retail opportunities off Walnut and Locust Streets. Adjacently located to and part of Cowles Commons, the building has grade level access to the beautiful newly renovated plaza and all it’s community events. Capital Square’s professional Class A image offers a unique opportunity to a variety of office and retail users in the downtown market.
Highlights
• Opportunities for office space from 1,000
up to 80,000 RSF +/-
• Immediate possession
• Open atrium design provides significant
natural light throughout the building
• Versatile office / retail space for variety of
users and sizes
• Five night janitorial services
• Multiple fiber optic service providers to building
• Tenant controlled HVAC
• Full service building conference center
available to tenants and visitors
• US Postal Service on site
• Ricochet Game Lounge now open on the
first floor
• Beautiful window line and downtown views
• Multiple skywalk access points
• Underground reserved parking 1/4,000 RSF leased
• 24 hour security on-site
• 8 story class building in the heart of downtown
Des Moines
• Tenants responsible for separately metered
lighting and wall socket electric.
Contiguous Suites: 140/145/150/155/160/170
RSF: 18,936 SF +/-
Net Lease Rate RSF/Year: $9.00 - $12.00
Contact us
Listing Agency:
CBRE
(515) 224-4900
Listed By:
Tyler Dingel · License #S56502000
(515) 865-2985
Source:
Moodyscre
Added: Mar 25
Changed: Sep 26
Last Checked: Oct 12 at 10:06PM
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 CBRE
Investment Insights
Based on property information with market context.
Capital Square is an eight-story Class A office and retail building located in the heart of downtown Des Moines. The building's open atrium design provides an abundance of natural light, versatile and substantial floor plates, and downtown views. This Class A building offers a unique opportunity to a variety of office and retail users. The property provides multiple access points to the Des Moines Skywalk System and community amenities, with street and skywalk level retail opportunities available off Walnut and Locust Streets. Adjacently located to Cowles Commons, the building has grade level access to the renovated plaza and its community events. The property offers versatile office and retail space for a variety of users and sizes. Five night janitorial services are provided. Multiple fiber optic service providers serve the building. A full-service building conference center is available to tenants and visitors. The property has a total size of 158557 square feet.
Key Highlights
- Class A office and retail building in the heart of downtown Des Moines.
- Open atrium design provides significant natural light.
- Multiple access points to the Des Moines Skywalk System.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 50309, IA
9,532
Population
7,562
Households
1.3
Avg Household Size
30
Median Age
67%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
3,530
Density / Sq Mi
$57,974
Median Household Income
$52,775
Median Earnings
$1,166
Median Rent
$286,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Des Moines, IA
$18.45 /SF/Yr
Avg Asking Price
$16–$20 /SF/Yr
Price Range
26,951 SF
Avg Space Size
This space is priced 51% below the average of $18.45 /SF/Yr.
Vacancy Rate% for Office in Des Moines, IA
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Frequently Asked Questions
What type of property is this?
Office building - Eight-story Class A office and retail building in downtown Des Moines.
Where is this office building located?
The property is located at 400 Locust St Des Moines, IA.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Class A office and retail building in the heart of downtown Des Moines.; Open atrium design provides significant natural light.; Multiple access points to the Des Moines Skywalk System.
