Retail Property In Fort Dodge Sold For $4.3M Represented By Jeremy Scheer & Michael Cleeman
115 South 29th Street
$4,300,000
$64/SF
Building Size
66,455 SF
Asset Type
Retail
Closing
Jan 22, 2025
AI
A 66,455-square-foot retail property located at 115 South 29th Street in Fort Dodge, Iowa was sold for $4,300,000. The property is net leased to Hy-Vee Supermarket, with a price per square foot of $65.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Sale Date: 01/22/2025
- Address: 115 South 29th Street
- Market: Fort Dodge, IA
- Square Footage: 66,455
- Price per Square Foot: $65
The transaction was brokered by Jeremy Scheer and Michael Cleeman from Cleeman Realty Group. The identities of the buyer and seller remain undisclosed, while the seller intends to reallocate funds into another asset class.
Players
Fort Dodge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93