SOLDRetail
Kingsbarn Realty Acquires Retail Property From Terveen Properties For $43.5 Million In Waukee
1300 Se Kettlestone Blvd
$43,500,000
$226/SF
Building Size
192,000 SF
Asset Type
Retail
Closing
Mar 23, 2022
About this deal
AI
The retail asset located at 1300 Se Kettlestone Blvd in Waukee has been sold for a total of $43,500,000. The property encompasses a total of 192,000 square feet. Terveen Properties was the seller of this asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $43,500,000.00
- Buyer: Kingsbarn Realty
- Seller: Terveen Properties
- Square Footage: 192,000.0
- Market: Waukee
- Date of Sale: 03/23/2022
The buyer, Kingsbarn Realty, entered into this transaction, acquiring the property from Terveen Properties. This sale represents a notable transfer in the Waukee market, showcasing the interest in retail assets within that region.
On the Map
$43,500,000
$226/SF
Retail
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Waukee 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93