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Mohannad S. Malas Of IRA Capital Acquires Iowa Heart Center Medical Office For $36.7M

Property Image
SOLD
$36,700,000

Iowa

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Medical Office83,000 SF
Sold 01/15/2026
the dealdetailscomps
Property Image
SOLD

Mohannad S. Malas Of IRA Capital Acquires Iowa Heart Center Medical Office For $36.7M

5880 University Avenue

See Similar Deals
Medical Office83,000 SF
Sold 01/15/2026
the dealdetailscomps

Summary

IOWA
Asset Type:Medical Office
Price Per Square Foot:$442
Total Square Footage:83,000 SF
Transaction Type:Sale

The property asset involved in the transaction is a medical office located at 5880 University Avenue in West Des Moines, IA. The building encompasses 83,000 square feet and was sold for a total price of $36,700,000, which equates to a price per square foot of $442.

Summary of transation details:

  • Property Type: Medical Office
  • Transaction Amount: $36,700,000
  • Address: 5880 University Avenue
  • Market: West Des Moines, IA
  • Square Footage: 83,000
  • Price per Square Foot: $442
  • Buyer: Mohannad S. Malas - IRA Capital
  • Seller: Peter A. Scott - Healthcare Realty

The transaction involved Mohannad S. Malas representing IRA Capital as the buyer and Peter A. Scott representing Healthcare Realty as the seller. This sale reflects a strategic move in the medical office sector, further enhancing the operational presence of IRA Capital in the marketplace.

Players

IRA Capital
IRA Capital
BUYER
Healthcare Realty
Healthcare Realty
SELLER

Details

SOLD
IMAGE: 01/15/2026 ADDRESS: 5880 University Avenue MARKET: West Des Moines, IA ASSET TYPE: Medical Office BUYER: Mohannad S. Malas - IRA Capital SELLER: Peter A. Scott - Healthcare Realty SALE PRICE: $36,700,000 SF: 83,000 ~ PPSF: $442 NOTE: Healthcare Realty sold the 83,000-square-foot Iowa Heart Center medical office in West Des Moines to IRA Capital for $36.7M, or $442 per square foot.

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