Following the success of Crosswinds Distribution Center I, the business park expanded with a second industrial building in 2021. This 221,000 SF distribution center is located in the master-planned Crosswinds Business Park in Ankeny. The park offers tremendous access to the state’s busiest interstates. The warehouse includes a clear height of 32 feet, 30 dock-high doors and a 136-foot truck court.
Past Investments
Realized IRR - 51.39%
DPI - 1.62x
Services Offered
SVPA
Hubbell Construction Services
Industrial
221,000 SF
$18,660,000
Open Date - 04/01/2021
Sold Date - 06/16/2022
Historical Returns Summary
10-Year Sale Return Summary
19.82%
10-Year IRR
4.15x
Equity Multiple
10.10%
Cash-On-Cash
(7-Year Stabilized Avg.)
4-Year Sale Return Summary
35.97%
4-Year IRR
2.44x
Equity Multiple
Amenities
On Site Parking
32' Clear Heights
Related Work
The following examples highlight Hubbell Realty’s development projects in the Greater Des Moines metro area.
