1800 Hull AveDes Moines, IA 50313

This exceptional investment opportunity presents a 70,660-square-foot industrial warehouse located at 1800 Hull Ave, Des Moines, IA 50313. The property, built in 1999 and renovated in 2014, sits on a 5.33-acre lot and features a single-story building with a 13' to 23' ceiling height. The property boasts three dock-high doors, two 20' drive-in doors, and four 12' drive-in doors, providing ample access for loading and unloading. Parking is abundant with 90 spaces available. The building is fully sprinklered and benefits from a 1200 amp, 3-phase electrical service. The current tenant is under a Net Lease (NNN) agreement expiring May 30, 2025, generating a substantial Net Operating Income (NOI) of $353,300, representing a 7.68% cap rate on the asking price of $4,600,000 ($70.76/SF). The property is zoned for industrial use and includes over 9,000 square feet of office space. The roof was replaced in 2014. This is a prime investment opportunity in the thriving Northeast Des Moines industrial market. All information is deemed reliable but not guaranteed.