Des Moines Storage Opportunity

Des Moines Storage Opportunity2019-07-18T14:12:23-04:00

Project Description

The Mele Group of Cushman & Wakefield has been selected to exclusively market for sale the Des Moines Storage Opportunity.

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NRSF – 48,775

2750 NW 36th Street
Ankeny, Iowa 50023

The Des Moines Storage Opportunity is comprised of 48,775 rentable square feet on approximately 2.67 acres of land. The facility offers 456 fully climate-controlled units, ranging from 25 square feet to 300 square feet; the state-of-the-art property will have a grand opening on July 2nd, 2019. Additionally, the site will include a server room for cloud servers and Bitcoin miners. To ensure a secure premise, the facility is equipped with 24-hour video surveillance, digital key access and burglar bars throughout the hallways.

The facility is ideally located in a vibrant residential corridor of Ankeny, Iowa; a prominent suburb located just north of Downtown Des Moines. According to The Des Moines Register (a component of the USA Today Network), Des Moines added roughly 33 residents per day during the past year, making it the fastest growing city in the Midwest. There is a projected population growth rate of 2.58 percent annually from 2019 to 2023 within three miles of the site, far surpassing the national average. Additionally, the subject is situated in an affluent suburb; there is a median household income of approximately $90,000 within three miles of the property. The subject is adjacent to the Courtyards Development at Rock Creek and the 36 West Townhomes Development, among numerous other developments to compliment the suburb’s flourishing population.

The subject property represents an exceptional opportunity to acquire an asset with multiple upsides. The Class-A facility features superior construction and premium amenities, in addition to a wide-variety of options to meet the region’s high demand for self-storage. The site offers truck rentals and a tenant insurance program for an additional source of revenue. The influx of new housing developments encompassing the facility will benefit the site, in addition to the area’s well-established residential neighborhoods. An investor will benefit from a full lease-up phase in a high-growth region. The Des Moines Storage Opportunity offers impeccable access to all the region’s growing residential zones and heavily-utilized resources. Furthermore, the subject’s excellent location in this rapidly-expanding corridor of Ankeny will allow for consistent growth and stability.

Investment Highlights:

  • Situated in Ankeny, Iowa; a Suburban Component of Des Moines and One of the Top 10 Fastest-Growing Cities in the Country According to The Des Moines Register
  • Three-Mile Projected Annual Growth Rate of 2.58 Percent from 2019 to 2023, Surpassing National Growth
  • Median Household Income of Approximately $90,000 Within Three Miles of the Site
  • State-of-the-Art Asset with Superior Construction and Amenities, Including 300 Square Feet of Server Space for Bitcoin Miners and Cloud Servers
  • Set for Grand Opening on July 2nd, 2019
  • Prime Opportunity to Capitalize on a Full Lease-Up Phase in a Thriving Demographic Region
  • Adjacent to Several New Housing Developments and Well-Established Residential Zones
  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Des Moines Storage Opportunity, located in Ankeny, IA.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.