Fulton Realty Capital assisted a private client in purchasing a 32,000 rentable SF, flex-industrial asset in the Des Moines, Iowa MSA. Fulton's team firm arranged five-year, fixed-rate financing with a regional bank and led all negotiations.
The two-building property, located on 3 acres in a rapidly growing submarket, offers easy access to the broader metro area via two highways. Notable features include versatile layouts, roll-up doors, and direct access to all 17 units.
Fully occupied at closing and priced below replacement cost, the property benefits from a diverse tenant mix across various industries. There is potential for increased revenue through rent escalations as leases expire.
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