Updated Jan 16, 2026
Mohannad S. Malas Of IRA Capital Acquires Iowa Heart Center Medical Office For $36.7M
5880 University Avenue
$36,700,000
$442/SF
Building Size
83,000 SF
Asset Type
Medical Office
Closing
Jan 15, 2026
About this deal
AI
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.
On the Map
$36,700,000
$442/SF
Medical Office
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Players
West Des Moines Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93