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Retail Property In Fort Dodge Sold For $4.3M Represented By Jeremy Scheer & Michael Cleeman
SOLD
$4,300,000
Retail66,455 SF
Sold 01/22/2025
SOLD
Retail Property In Fort Dodge Sold For $4.3M Represented By Jeremy Scheer & Michael Cleeman
115 South 29th Street
See Similar DealsRetail66,455 SF
Sold 01/22/2025
Summary
IOWA
Asset Type:Retail
Price Per Square Foot:$64
Total Square Footage:66,455 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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