12345 University AveClive, IA 50325

For Sale
$5,850,000

High-growth area, 39,732 SF, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional executive office building, located at 12345 University Avenue in Clive, Iowa, presents a compelling investment opportunity. The property boasts 39,732 square feet of leasable space, currently 100% occupied by four tenants, offering a diverse tenant mix with strong local credit. A significant portion of the building (84%) features below-market rents, presenting substantial upside potential for future income growth. Situated in a high-growth office corridor, the building benefits from excellent visibility on University Avenue, with approximately 30,000 vehicles passing daily. Convenient access to I-80/35 and surrounding suburbs ensures easy commuting for tenants and employees. The property includes ample on-site parking, highly efficient floor plates, and attractive exterior amenities such as a scenic pond setting and patio spaces for all tenants. The building sits on a 2.49-acre lot and is offered at an asking price of $5,850,000, representing a significant discount on replacement value. This is a rare opportunity to acquire a well-located, high-performing office building with significant upside potential in a thriving Iowa market. The property's zip code is 50325, and it is located in Polk County.

Property Details for 12345 University Ave

Property type
Other office properties, Office properties
Square Feet
39,732 SF
Lot Size (sq. ft)
108,464 SF

Location Insight

City
Clive
County
Polk
State
Iowa
Latitude
41.6012723
Longitude
-93.7877695
12345 University Ave, Clive, Iowa

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12345 University Ave
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