MEDICAL OFFICE|RETAIL SPACE

+ Available Space

− Total Site: +/- 4.56 Acres

− Building: 30,000 SF

+ Sale Price

− $2,950,000

− Cap Rate: 8% on existing structure (plus value of outlot)

+ Building Features

− 100% leased investment property

− Additional 0.83 acres pad site included in price

− Zoning: PUD

+ Traffic Count

− Park Avenue: 20,100 VPD

− SW 63rd Street: 15,500 VPD

+ Tenants Include:

− Regenexx, Montessori & More, Integrated Physical Therapy, CrossFit, St. Gregory Retreat Centers, Opioid Clinical Management

CONTACT US

MIKE MACRI III, CCIMVice President+1 515 221 6625mike.macri@cbre-hubbell.com

6151 & 6201 THORTON AVENUE MEDICAL OFFICE|RETAILDES MOINES, IA 50321

FOR SALE

CBRE|HUBBELL COMMERCIAL6900 Westown Parkway West Des Moines, Iowa 50266www.cbre.com/desmoines

LISTING#1122133

FOR SALE6151 & 6201 THORTON AVE

MEDICAL OFFICE|RETAILDES MOINES, IA 50321

FLOOR PLAN

This property is being marketed as a fully leased investment property. The current ownership structure as office condominiums are fully controlled by the Seller and the structure can be retained or converted by a Buyer. The anchor Tenant, Regenexx Corporate operates its corporate headquarters from this location for its nationwide stem cell treatment network. Other medical tenants include, St. Gregory Retreat Center & Integrated Physical Thera-py; both are longer term tenants. Montessori & More has recently completed a move to this location and has ex-panded their operations. Montessori & More has been in business for over 30 years. CrossFit has just recently relocated to the center. Additionally, the property is being sold in conjunction with a .83 acre outparcel with ex-cellent frontage and could be well suited for further development.

FOR SALE6151 & 6201 THORTON AVE

MEDICAL OFFICE|RETAILDES MOINES, IA 50321

© 2018 Hubbell Commercial Brokers, L.C., d/b/a CBRE|Hubbell Commercial. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdraw without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

6151 & 6201 THORTON AVE

FOR SALE6151 & 6201 THORTON AVE

MEDICAL OFFICE|RETAILDES MOINES, IA 50321

S 1ST STR

EET

PARK AVENUE

This investment property is situated just south of the interchange at Park Avenue and 63rd Street in Des Moines, IA with over 15,000 VPD at the site providing excellent signage and access. This location is centrally located within the metropolitan area of Des Moines with easy access to I-80/35 via I-235 & Hwy 5. The property is also just minutes from the commercial and private terminals for the Des Moines International Airport.

SW MCKINLEY AVE

SW 5

6TH

STREET

SW 4

2N

D STR

EET