Updated May 12, 2025
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
West Des Moines MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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