Description

The KataLYST Team as part of KW Commercial is pleased to market for sale this 3-tenant retail strip center located along the SW 9th St. corridor and within close proximity to the Central Business District (CBD).

With two long-term leases currently on MTM lease schedules, new ownership has the ability to renew or release the space while also increasing rental rates. With signage and average VPD of 16,500+ as well as strong access and ample parking this is a great investment for the owner looking to break into the commercial investment space.

Details

Address: 2705 SW 9th St
City & State: Des Moines, IA
Current Price: $595,000
Lot Size: 0.34 Acres
Cap Rate: 8.10%
Year Built: 1993

Property Highlights

• Offered at a strong Cap rate of 8.10%
• In-Place Leases with ability to raise Rents
• Located on Strong Corridor with 16,500+ VPD

Sale Price: $595,000
Number of Units: 3
Building Size: 4,338 SF
Price / SF: $137.16