712-304-2149
320 SW 7th St, Des Moines, IA for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

320 SW 7th St
Des Moines, IA 50309
Downtown Des Moines


OVERVIEW

CBRE is pleased to offer for sale Rocket Transfer Lofts, a 58-unit apartment community in downtown Des Moines. Rocket Transfer Lofts is the former Hawkeye Transfer Company warehouse that was constructed in 1902 and transformed into 58 trendy loft-style units in 2013. The property features a mix of 1 and 2 bedroom units that blend the original architectural elements with contemporary finishes. Rocket Transfer offers excellent walkability to downtown Des Moines’ largest employment concentration as well as entertainment, restaurants, and nightlife. Unique to other downtown communities, residents of Rocket Transfer enjoy the convenience of on-site surface parking. The property also offers a fitness center, dog park, business center, community room, game room and a rooftop terrace with incredible skyline views. Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=HOIBikTQQ0B4SRDUBHqy74J_1I9itFpY7g84J9a7tEyKhtPy1W6XC0ZnUjuPaCys Former Hawkeye Transfer Company warehouse that was transformed into 58 trendy loft-style units in 2013 96.5% occupancy Attractive assumable debt at a 2.93% interest rate, maturing January 2031 Excellent walkability to downtown Des Moines’ major employers, restaurants, dining, and entertainment Unit features include in-unit washer and dryer, 16-20’ ceilings, and original architectural elements like exposed brick, beams, and wood Unique to other downtown apartment communities, residents of Rocket Transfer enjoy the convenience of on-site surface parking Amenities include a fitness center, dog park, business center, community room, game room, and a rooftop terrace with incredible skyline views

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

58

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rocket Transfer Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2013

PARKING SPACES

89

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

020-02078001000

ASK ABOUT THIS PROPERTY

Cy FoxCBREMore Info
712-304-2149

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Cy FoxCBREMore Info
712-304-2149

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