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115 South 29th Street

Retail Property In Fort Dodge Sold For $4.3M Represented By Jeremy Scheer & Michael Cleeman
SOLDRetail

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

Michael Cleeman

Cleeman Realty Group

Broker

$185.6M

vol

19 deals

Broker

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