
I-80 Distribution Center - Altoona
555 9th Street Northeast, Altoona, IA, 50009, US
27,871 sm
Jones Lang LaSalle (“JLL”), as exclusive representative to seller, is pleased to present for sale the DSM Infill Industrial Center (the “Offering”, the “Facility” or the “Asset”), located in Des Moines, IA (just 1-mile east of downtown). This rail-served, distribution facility is 118,080-square-feet with 3-acres of outdoor storage and is 100% leased to two (2) tenants: Ziegler, Inc., and Des Moines Industrial (“DSMI”). Originally developed by DSMI, with a highly regarded GC, this 2021 Class-A asset features modern specifications including a 34’ clear height, precast concrete construction, high-capacity concrete aprons, 12 fully packaged docks with heavy-duty levelers and 11 grade-level doors (four of which are full drive-through bays), as well as 1,200-amp power, among others.
Connecting to four (4) major railroads: Iowa Interstate Railroad, Norfolk Southern, BNSF and Union Pacific, this transload facility was designed in conjunction with the city of Des Moines to become Des Moines’ primary transload facility. With 15,515 linear track feet, the facility is designed to support over 5,000 rail cars per year and is the ONLY transload terminal in the country with access to four railroads. Additionally, with 3-acres of secured outdoor storage, the Offering separates itself as one of the only Class-A industrial assets within Des Moines with designated outdoor storage. The DSM Infill Industrial Center presents industrial investors the opportunity to acquire a 100% occupied, infill, rail-served industrial product with sticky tenancy tied to asset specifications and operations.