Value Add Real Estate Co Acquires Multifamily Property In Des Moines, IA For $17.8M

The multifamily property located at 600 East 5th St in Des Moines, IA was sold on October 26, 2022. The property consists of 127 units, with a per unit price of $140,157. The total sale price for the property was $17,800,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,800,000
• Units: 127
• Price per Unit: $140,157
• Market: Des Moines, IA

The buyer in this transaction was Value Add Real Estate Co, represented by JLL Capital Markets as their broker.