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7040 NE 14th St 20,400 SF 100% Leased 4-Star Retail Building Ankeny, IA 50023 $3,417,227 ($167.51/SF) 7% Cap Rate
Investment Highlights
- Located between Des Moines and Ankeny
- Mixed-Use Development Property
- Newer Construction-2019
Executive Summary
For Sale-20,400 SF Mixed-Use Development Property
Street Level -Three Retail/Office Spaces,
Second Level-Six Apartments,
Flex Space-Two 3,300 SF Flex Buildings
2019 Construction
1.437 Acres
Access to NE 14th St and 70th Ave
Located Between Des Moines and Ankeny
SALES PRICE: $3,417,227 Based on a 6.5% Capitalization Rate
Street Level -Three Retail/Office Spaces,
Second Level-Six Apartments,
Flex Space-Two 3,300 SF Flex Buildings
2019 Construction
1.437 Acres
Access to NE 14th St and 70th Ave
Located Between Des Moines and Ankeny
SALES PRICE: $3,417,227 Based on a 6.5% Capitalization Rate
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
20,400 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$3,417,227
Price Per SF
$167.51
Cap Rate
7%
NOI
$239,206
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.48 AC
Zoning
GC - General Commercial
Parking
38 Spaces (1.86 Spaces per 1,000 SF Leased)
Frontage
186’ on NE 14th st
Amenities
- Air Conditioning
- Balcony
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 180/00749-001-003 | Improvements Assessment | $1,861,000 |
| Land Assessment | $184,000 | Total Assessment | $2,045,000 |
Property Taxes
Parcel Number
180/00749-001-003
Land Assessment
$184,000
Improvements Assessment
$1,861,000
Total Assessment
$2,045,000
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7040 NE 14th St
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