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.
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
Avg Cash on Cash Return During Operations
IRR with Sale Year 10
Equity Multiple Sale Year 10
IRR with Sale Year 4
Equity Multiple Sale Year 4
From Interstate 80
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
Avg Cash on Cash Return During Operations
IRR with Sale Year 10
Equity Multiple Sale Year 10
IRR with Sale Year 4
Equity Multiple Sale Year 4
32'
11
2
Up to 23
LED
ESFR
2000 amp electrical (480v -3 Phase)
From Interstate 80
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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