JRW Realty Brokers $10M Sale Of Retail Property In West Des Moines, IA
180 South Jordan Creek Parkway, West Des Moines, Iowa 50266, United States
$10,000,000
$191/SF
Building Size
52,227 SF
Asset Type
Retail
Closing
Nov 22, 2021
About this deal
AI
The retail property located at 180 S Jordan Creek Pkwy in West Des Moines, IA has been sold. The property spans 52,227 square feet and was sold for a total price of $10,000,000, resulting in a price per square foot of $191.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $10,000,000
- Square Footage: 52,227
The buyer was represented by Christopher Thompson and Joel Staffilino from JRW Realty, while Matthews Real Estate Investment Services acted as the seller's representative.
The retail sale at 180 South Jordan Creek Parkway, West Des Moines, Iowa 50266, United States in West Des Moines, Iowa sold for $10M in 2021. The building is 52,227 square feet, implying about 191 per square foot on the published price. This page is the West Des Moines, Iowa file for the 180 South Jordan Creek Parkway, West Des Moines, Iowa 50266, United States retail sold: pricing, party profiles, and other closed retail comps from the same West Des Moines sit in the Market section below. Filter that West Des Moines retail set by closing date to see what else sold near 180 South Jordan Creek Parkway, West Des Moines, Iowa 50266, United States around 2021. Published consideration for 180 South Jordan Creek Parkway, West Des Moines, Iowa 50266, United States is $10M, dated 2021. Cite this JRW Realty Brokers $10M Sale Of Retail Property In West Des Moines, IA sale when underwriting similar retail product around West Des Moines, Iowa.
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West Des Moines 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93