1201 Pennsylvania AveDes Moines, IA 50316

For Sale
$5,294,267
Added:
Dec 11, 2024
Days on market:
91

Highlights

  • Dense medical corridor with proximity to multiple hospitals.
  • No early termination or kick-out clauses in the lease.
  • Creditworthy tenant, DaVita, Inc., with strong S&P rating (BB) and $12.14B in revenue.
  • Investment in a growing industry with 562,000 ESRD patients.
  • Resilient investment, insulated from broader macroeconomic fluctuations.
  • Long-term, passive income stream with a 15-year base lease term.

Property Details for 1201 Pennsylvania Ave

Property type
Other office properties, Medical offices
Square Feet
8,583 SF
Year Built/Renovated
1988/2024
Buildings
1
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Des Moines
County
Polk
State
Iowa
Latitude
41.6008458
Longitude
-93.6079583
1201 Pennsylvania Ave, Des Moines, Iowa

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1201 Pennsylvania Ave
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