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Gateway Center & Parkview North 1 Retail Properties Offered at $3,000,000 in Ankeny, IA
Investment Highlights
- Two retail shopping centers located in the Des Moines metropolitan area
- Parkview North in Ankeny is an 11,200 SF center built in 1990 with 87.5% occupancy.?
- Gateway Center in West Des Moines is a 9,960 SF center built in 1962 with 100% occupancy
- Combined, the portfolio offers 21,160 SF with a current occupancy of 93% and strong pro forma upside potential.?
Executive Summary
Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers:
- ?Combined portfolio of 21,160 SF across two retail shopping centers
?- Gateway Center: 9,960 SF, 100% occupied, built 1962
- ?Parkview North: 11,200 SF, 87.5% occupied, built 1990
- ?Current NOI of $208,575 with 6.95% cap rate
- ?Pro forma NOI of $230,799 with 7.69% cap rate at full occupancy
- ?Strong demographics in Des Moines MSA with 759,174 population and $85,117 average household income
- ?Value-add opportunity with 12.5% vacancy at Parkview North
- ?Combined portfolio of 21,160 SF across two retail shopping centers
?- Gateway Center: 9,960 SF, 100% occupied, built 1962
- ?Parkview North: 11,200 SF, 87.5% occupied, built 1990
- ?Current NOI of $208,575 with 6.95% cap rate
- ?Pro forma NOI of $230,799 with 7.69% cap rate at full occupancy
- ?Strong demographics in Des Moines MSA with 759,174 population and $85,117 average household income
- ?Value-add opportunity with 12.5% vacancy at Parkview North
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,000,000 | Number of Properties | 2 |
| Price / SF | $267.86 / SF | Individually For Sale | 0 |
| Cap Rate | 6.95% | Total Building Size | 11,200 SF |
| Sale Type | Investment | Total Land Area | 0.97 AC |
| Status | Active |
| Price | $3,000,000 |
| Price / SF | $267.86 / SF |
| Cap Rate | 6.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,200 SF |
| Total Land Area | 0.97 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Parkview North
733-761 N Ankeny Blvd, Ankeny, IA 50023 |
Retail | 11,200 SF | 1990 | - |
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Gateway Center & Parkview North
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