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Current Weitz Iowa Office Building 5901 Thornton Avenue | Des Moines, Iowa

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Current Weitz Iowa Office Building 5901 Thornton Avenue | Des Moines, Iowa CURRENT WEITZ IOWA OFFICE BUILDING 5901 THORNTON AVENUE | DES MOINES, IOWA FOR SALE PROPERTY INFORMATION CBRE|Hubbell Commercial is pleased to offer for sale this 26,199 SF free-standing single-story office building overlooking downtown Des Moines. Currently home to Weitz Iowa who will be vacating the building in the spring of 2022, the property is minutes away from the central business district, Des Moines International Airport, historic Valley Junction, Freeway/Interstate 235 and the Highway 5 bypass. Building features Class A finishes and current décor with ample offices, meeting rooms, and space for free standing office furniture. Great opportunity for owner user or future investment property. Sale Price: $3,000,000 Available Space: 26,199 SF; 3.011 Acres Building Features: • One story tilt-up concrete building • Built in 2000 • Modern/current décor and finishes • Veranda overlooking downtown Des Moines & Raccoon River Valley • Ample parking • Area for future development • Priced below replacement value • Centrally located in Des Moines for employee base • Efficient building design 2 AERIAL VIEW 63RD ST 5901 THORNTON AVE PARK AVENUE S 1ST ST 3 SW 56TH STREET 4 5901 THORNTON AVE SW MCKINLEY AVE 2 1 Hwy 5 Bypass 2 Des Moines Internation Airport 1 3 Downtown Des Moines/East Village 4 Historical Valley Junction 3 BUILDING DESCRIPTION Total Building Square Feet: 26,199 SF Year Built 2000, Addition in 2005 (6,205 SF) Construction: Concrete block and tilt up concrete, metal frame Foundation: Concrete on grade Sprinkler System: Wet Roof: Rubber Membrane Lighting: Mixture Parking 101 Parking Stalls (3.8/1,000) Security: Security Card Access Signage: Monument Sign HVAC: Roof mounted forced air Other Features: Outdoor patio Zoning - Planned Unit Development 4 FLOOR PLAN 5 INTERIOR PHOTOS 6 INTERIOR PHOTOS 7 AERIAL VIEW OUTDOOR PATIO 8 EXTERIOR PHOTOS 9 MARKET INFORMATION Des Moines is centrally located at the intersection of Interstates 80 and 35, within several hours of driving distance of Omaha, Minneapolis and Kansas City and within a 5 ½ hour drive of Chicago, St. Louis, and Milwaukee. The Greater Des Moines Metropolitan Area is a vibrant, growing area, being considered one of the more desirable locations to both live and do business as ranked by a number of national publications and country-wide surveys. Des Moines is also a major center of the US insurance, financial services and publishing industries. Major employers include Principal Financial, Meredith Corporation, Minneapolis Wells Fargo, Nationwide, EMC Insurance, Corteva (formerly Pioneer Hybrid), 2.5 HOURS Ruan Transportation, Hy-Vee foodstores, and Wellmark Blue Cross Blue Shield. Milwaukee #3 5.5 HOURS Metro for number of TOP 7 economic development Most recession proof projects among metros with a population of cities in the U.S. Omaha Chicago 200,000 to 1 million 2 HOURS 5 HOURS -Liveability, 2019 -SiteSelection, 2019 #5 Kansas City Best place to live 3 HOURS St. Louis in the U.S. 5.5 HOURS -U.S. News and World Report, 2019 10 DEMOGRAPHICS 5901 Thornton Avenue - 3 Mile Radius POPULATION 25+ BY EDUCATIONAL ATTAINMENT Graduate or Professional Degree 18.30% Bachelor's Degree 30.70% Associate's Degree 9% Some College (No Degree) 18.90% High School Graduate 17.70% 9-12th Grade No Diploma 3.30% 0% 5% 10% 15% 20% 25% 30% 35% 40,761 42,729 Population Daytime Population EMPLOYED POPULATION 16+ BY OCCUPATION $103,179 2.18 Services 13.80% Average Household Income Household Size 38.7 15.3% Blue Collar 11.90% Median Age High School Diploma White Collar 74.30% $103,696 1,670 Median Net Worth Businesses 0% 10% 20% 30% 40% 50% 60% 70% 80% 11 CURRENT WEITZ IOWA OFFICE BUILDING 5901 THORNTON AVENUE | DES MOINES, IOWA CONTACTS JEFF SPENCE, CCIM MICHAEL A. SMITH Vice President Vice President +1 515 221 6636 +1 515 221 6675 [email protected] [email protected] Licensed in the State of Iowa Licensed in the State of Iowa © 2021 Hubbell Commercial Brokers, L.C., d/b/a CBRE|Hubbell Commercial. The information contained in this document has been obtained from sources believed reliable. While CBRE|Hubbell Commercial does not doubt its accuracy, CBRE|Hubbell Commercial has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. ouY and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. LISTING #1501020.
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