John Deere Distribution Center

JLL Capital Markets is pleased to present an exceptional investment opportunity: I-80 Distribution Center, a brand new Class A industrial building in the Des Moines, Iowa metro. This premier asset, developed by the reputable Endeavor Development, offers a 300,000 s.f. distribution center in Altoona, boasting state-of-the-art specifications and a strategic location in a prime Des Moines submarket.

Enhancing its appeal, the property has secured a 5-year lease with John Deere for the entire building, providing stable, long-term cash flow from a blue-chip tenant. Notably, the in-place lease rate is approximately 35% below current market rates, presenting significant upside potential for future lease negotiations. This commitment from a globally recognized brand underscores the asset’s quality and prime location.

The property enjoys excellent access to I-80 and proximity to Des Moines International Airport, further solidifying its logistical advantages. Situated in the thriving Des Moines industrial market, which demonstrates strong fundamentals with a low vacancy rate of 6.6% and 91.1% of under-construction space pre-leased, this asset is well-positioned for sustained performance.

Built to the highest standards with premium materials, this energy-efficient building offers low maintenance costs and was designed to meet the demands of modern distribution operations. The John Deere lease not only validates the property’s quality but also eliminates any lease-up risk for potential investors. This offering represents a rare chance to acquire a newly constructed, fully leased, institutional-quality industrial asset in a growing Midwest market, backed by the strength of a world-class tenant and featuring attractive below-market lease rates.