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2021 South 208th Street

Updated Jan 21, 2026

PRISA USA And Prudential Global Investment Management Acquire Industrial Asset In Des Moines For $110M
SOLDIndustrial

PRISA USA And Prudential Global Investment Management Acquire Industrial Asset In Des Moines For $110M

2021 South 208th Street & 2341 South 208th Street

$110,000,000

$99/SF

Building Size

552,000 SF

Asset Type

Industrial

Closing

Jan 20, 2026

About this deal

AI

The property involved in this transaction is an industrial asset located at 2021 South 208th Street & 2341 South 208th Street in Des Moines, IA. The sale price for the property was $110,000,000, encompassing a total square footage of 552,000, equating to a price per square foot of $199. This asset is situated within the Des Moines Creek Business Park, consisting of a 25-acre campus with three buildings developed in 2016.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $110,000,000
  • Square Footage: 552,000
  • Address: 2021 South 208th Street & 2341 South 208th Street
  • Market: Des Moines, IA
  • PPSF: $199
  • Buyer: PRISA USA & Prudential Global Investment Management
  • Seller: Clarion Partners

PRISA USA and Prudential Global Investment Management acquired this property from Clarion Partners. The business park, previously owned by LaSalle and Panattoni, features tenants such as K2 Skis and Taylor Farms, signifying a diverse industrial tenant mix.

On the Map

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$110,000,000

$99/SF

Industrial

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Players

Clarion Partners
Clarion PartnersSeller

Seatac Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $99 per square foot on a published $110M for 1,104,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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