The Reserve at Glenstone | 3300-3500 Glenstone Dr
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The Reserve at Glenstone 3300-3500 Glenstone Dr
52 Unit Block of Flats For Sale Grimes, IA 50111
Investment Highlights
- 52 Units
- 36 Garages
- 1,054 SF Average Unit Size
- 4 Buildings
- Unit Mix: 4-Studios, 24-2BR/2BA, 24-3BR/2BA
Executive Summary
CBRE is pleased to present the opportunity to acquire The Reserve at Glenstone, a 52-unit apartment community located in Grimes, Iowa. Grimes is a rapidly growing northwest suburb of Des Moines that has more than doubled in population since 2010.
Built in 2010-2011, The Reserve at Glenstone consists of 4 residential buildings featuring 4 studios, 24 two bedrooms, and 24 three bedroom floor plans. Each unit has a washer and dryer, and there are 36 detached garages available.
• Less than 10 minutes to a plethora of retailers including Hy-Vee, Menards, Target, The Home Depot, Wal-Mart, Aldi, Life Time, and Homemaker’s
• 1.5 miles south of Johnston High school
• Located in Johnston School District, a top 5 school district in the Des Moines area per Niche.com
• Close proximity to major employers including Corteva, John Deere Financial, Amazon, FedEx, and Camp Dodge
• Quick and convenient access to HWY 141 and I-80/I-35 interchange
• Average Household Income of $116,813 within a 1-mile radius
Built in 2010-2011, The Reserve at Glenstone consists of 4 residential buildings featuring 4 studios, 24 two bedrooms, and 24 three bedroom floor plans. Each unit has a washer and dryer, and there are 36 detached garages available.
• Less than 10 minutes to a plethora of retailers including Hy-Vee, Menards, Target, The Home Depot, Wal-Mart, Aldi, Life Time, and Homemaker’s
• 1.5 miles south of Johnston High school
• Located in Johnston School District, a top 5 school district in the Des Moines area per Niche.com
• Close proximity to major employers including Corteva, John Deere Financial, Amazon, FedEx, and Camp Dodge
• Quick and convenient access to HWY 141 and I-80/I-35 interchange
• Average Household Income of $116,813 within a 1-mile radius
Property Facts
| Sale Type | Investment | Lot Size | 5.17 AC |
| No. Units | 52 | Building Size | 112,064 SF |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 2009 |
| Apartment Style | Low Rise | Parking Ratio | 5.12/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 5.17 AC |
| Building Size | 112,064 SF |
| Number of Floors | 2 |
| Year Built | 2009 |
| Parking Ratio | 5.12/1,000 SF |
Unit Amenities
- Fireplace
- Washer/Dryer
- Kitchen
- Wooden Floors
- Walk-In Closets
Site Amenities
- Laundry Facilities
- Playground
- Basketball Court
- Furnished Units Available
- Planned Social Activities
- Recycling
- Walking/Biking Trails
- Online Services
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The Reserve at Glenstone | 3300-3500 Glenstone Dr
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