712-304-2149
615 Park St, Des Moines, IA for Sale
Apartments - FOR SALE
1/35
null | Request Cap Rate

615 Park St
Des Moines, IA 50309
Downtown Des Moines


HIGHLIGHTS

  • Prime location adjacent to Principal World Headquarters
  • Downtown Des Moines
  • Proven value-add story with additional upside
  • Strong affordability within the urban core
  • Comprehensive amenity package
  • Structured parking garage

OVERVIEW

615 Park Street, Des Moines, IA 50309 158 Units 1986 Built Unit Mix: 16-Studios, 94-1BR/1BA 48-2BR/1BA $1,043 Average Leased Rent 97,448 Net Rentable SF 114 Garage Spaces 16 Stories Community Amenities include indoor parking garage, business cafe, 24/7 fitness center, clubhouse with billiards table, rooftop terrace with seating and grill station, on-site laundry, guest suite Please click here for more information: https://www.cbredealflow.com/buyer/findprofile?pv=g2v96ZSLyCgy69_Xt4ujMikiMI4i_0yJoUNadWoP8xMAmweRJIGeLOJ6lPEC3oFG Unbeatable downtown location adjacent to Principal World Headquarters 70,000+ employees in Downtown Des Moines Downtown Des Moines is nationally recognized as a leading center for financial services and insurance, providing thousands of high-paying professional jobs The area benefits from a significant government employment presence, anchored by the Iowa State Capitol Complex and numerous public agencies Downtown Des Moines is also a major healthcare employment hub, anchored by several of Iowa's largest medical institutions

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

158

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Parker @ Seventh

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

16

YEAR BUILT

1986

PARKING SPACES

114

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

C-3

APN/PARCEL ID

030/03880-100-000

ASK ABOUT THIS PROPERTY

Cy FoxCBREMore Info
712-304-2149

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Cy FoxCBREMore Info
712-304-2149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.