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6201 E P True Parkway

Updated May 12, 2025

Polo Club, LLC / Premier Companies Sells West Des Moines Multifamily For $38 Million
SOLDMultiFamily

Polo Club, LLC / Premier Companies Sells West Des Moines Multifamily For $38 Million

6201 E P True Parkway

$38,000,000

Units

277

Asset Type

MultiFamily

Closing

Apr 3, 2025

About this deal

AI

The property asset involved in this transaction is a MultiFamily asset located at 6201 EP True Parkway in West Des Moines, IA. The sale price for the property was $38,000,000, with a total of 277 units at a price per unit of $137,184.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $38,000,000
  • Address: 6201 EP True Parkway
  • Market: West Des Moines, IA
  • Units: 277
  • Price Per Unit: $137,184
  • Seller: Polo Club, LLC / Premier Companies
  • Brokerage: Greysteel
  • Brokers: BJ Connolly, Ryan Carter & Zachary Schneider

This transaction features Polo Club, LLC and Premier Companies as the sellers, while the deal was facilitated by brokers BJ Connolly, Ryan Carter, and Zachary Schneider, representing Greysteel. The involvement of these professionals indicates a structured approach to the sale process for this MultiFamily asset.

Players

BJ Connolly

Greysteel

Broker

$38M

vol

1 deal

Broker

West Des Moines MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $137.2K per unit across 277 units on a published $38M (2025).

Visit Greysteel to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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