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