Gateway Center & Parkview North Retail FOR SALE


$3,000,000 USD
515-979-1454
, Ankeny, IA for Sale
$3,000,000 USD
Retail - FOR SALE
1/5
null | 6.95% Cap Rate

Gateway Center & Parkview North
Ankeny, IA
Outer Ankeny/Saylorville


HIGHLIGHTS

  • Two retail shopping centers located in the Des Moines metropolitan area
  • Gateway Center in West Des Moines is a 9,960 SF center built in 1962 with 100% occupancy
  • Parkview North in Ankeny is an 11,200 SF center built in 1990 with 87.5% occupancy.?
  • Combined, the portfolio offers 21,160 SF with a current occupancy of 93% and strong pro forma upside potential.?

OVERVIEW

Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers: - ?Combined portfolio of 21,160 SF across two retail shopping centers ?- Gateway Center: 9,960 SF, 100% occupied, built 1962 - ?Parkview North: 11,200 SF, 87.5% occupied, built 1990 - ?Current NOI of $208,575 with 6.95% cap rate - ?Pro forma NOI of $230,799 with 7.69% cap rate at full occupancy - ?Strong demographics in Des Moines MSA with 759,174 population and $85,117 average household income - ?Value-add opportunity with 12.5% vacancy at Parkview North

ASK ABOUT THIS PROPERTY

Corey SedrelCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-979-1454

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Corey SedrelCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-979-1454

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