Four Mile Industrial Park IV

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Four Mile Industrial Park IV

Four Mile Industrial Park Building IV is a Class A, 115,000 SF warehouse distribution facility in growing Ankeny, Iowa. Multiple building and site concepts have been designed, allowing the site and building including outside product storage to be tailored to a specific user. The industrial/distribution building offers market-leading features and prime proximity to I-35 and I-80, providing distribution and logistics tenants quick and convenient access to both coast-to-coast and border-to-border drivers. Neighboring occupants include Amazon, Kreg Tool, Old Dominion, John Deere, XPO and Mom’s Meals.

10 Year Targeted Returns:*

Project Overview​

  • property

    Four Mile Industrial Park – Building IV

  • address

    6550 SE Four Mile Drive

  • city, state

    Ankeny, IA

  • county

    Polk County

  • product type

    Industrial

  • construction type

    Precast Concrete

  • site size

    9.91 acres

  • construction start

    Q3 - 2024

  • completion

    Q2 - 2025

  • developer

    Hubbell Development, LLC

  • general contractor

    Hubbell Construction Services

  • management

    Hubbell Commercial Property Management

summary of returns

8 - 10%

Avg Cash on Cash Return During Operations


15 - 18%

IRR with Sale Year 10


+3.00x

Equity Multiple Sale Year 10


25 - 28%

IRR with Sale Year 4


+2.00x

Equity Multiple Sale Year 4


Quick Access

  • 1.5 Miles

    From Interstate 80

Project Overview​

  • property

    Four Mile Industrial Park – Building IV

  • address

    6550 SE Four Mile Drive

  • city, state

    Ankeny, IA

  • county

    Polk County

  • product type

    Industrial

  • construction type

    Precast Concrete

  • units

  • residential nra

  • average unit size

  • site size

    9.91 acres

  • no. of stories

  • parking

  • construction start

    Q3 - 2024

  • completion

    Q2 - 2025

  • developer

    Hubbell Development, LLC

  • general contractor

    Hubbell Construction Services

  • management

    Hubbell Commercial Property Management

location highlights

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summary of returns

8 - 10%

Avg Cash on Cash Return During Operations


15 - 18%

IRR with Sale Year 10


+3.00x

Equity Multiple Sale Year 10


25 - 28%

IRR with Sale Year 4


+2.00x

Equity Multiple Sale Year 4


Building Features

Clear Heights

32'

Number Of Bays

11

Drive-In Doors

2

Dock Doors

Up to 23

Lighting

LED

Sprinklers

ESFR

Power

2000 amp electrical (480v -3 Phase)

Quick Access

1.5 Miles

From Interstate 80

Community Amenities

Swimming Pool

Fitness Center

Dog Park

Package Room

Community Room

Elevator

Paseo

Rentable Garages

Balcony/Patio on all units

Community Clubhouse

Surrounding Area

Major Announcements

The $64 million infrastructure improvement to the East Mixmaster is currently underway. After years of planning, the Iowa DOT is expecting to complete the first phase of the project in June 2024 and the entire project by 2027. This improvement is expected to impact an estimated “160,000 cars and trucks drive through every day.”

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