Des Moines, IA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $7,000,000 sale of an approximately 90,838-square-foot distribution building leased to Keurig Dr Pepper. Constructed in 1992 as a build-to-suit for the tenant, the building sits on an approximately 6.46-acre parcel and is located at 1635 NE 53^rd Ave in Des Moines, Iowa.

The tenant has occupied 100 percent of the facility since the completion of the build-to-suit construction in 1992. The tenant extended the lease term early in December 2019, extending their term another ten (10) years.

This facility is the Corporate Headquarters for the company’s Plains Region, one of five specified regions for Keurig Dr Pepper. It is ideally located just off Highway 69 and is roughly two miles from the largest interchange in Des Moines, where Interstate 80, Interstate 235, and Interstate 35 conjoin.

Ryan Barr and Ryan Bennett of Lee & Associates, in conjunction with Iowa licensed real estate broker David B Zacharia, represented the Seller, Des Moines Industrial Partners LLC. The Buyer was a Southern California based REIT.

Barr & Bennett Net Leased Investment Group, a team within Lee & Associates-North San Diego County, specializes in the acquisition and disposition of net leased assets nationwide.

ABOUT LEE & ASSOCIATES
Lee & Associates is a commercial real estate brokerage, management, and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment, and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.