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The Parker @ Seventh 615 Park St 158 Unit Apartment Building For Sale Des Moines, IA 50309
Investment Highlights
- Prime location adjacent to Principal World Headquarters
- Proven value-add story with additional upside
- Comprehensive amenity package
- Downtown Des Moines
- Strong affordability within the urban core
- Structured parking garage
Executive Summary
615 Park Street, Des Moines, IA 50309
158 Units
1986 Built
Unit Mix: 16-Studios, 94-1BR/1BA 48-2BR/1BA
$1,043 Average Leased Rent
97,448 Net Rentable SF
114 Garage Spaces
16 Stories
Community Amenities include indoor parking garage, business cafe, 24/7 fitness center, clubhouse with billiards table, rooftop terrace with seating and grill station, on-site laundry, guest suite
Please click here for more information: https://www.cbredealflow.com/buyer/findprofile?pv=g2v96ZSLyCgy69_Xt4ujMikiMI4i_0yJoUNadWoP8xMAmweRJIGeLOJ6lPEC3oFG
Unbeatable downtown location adjacent to Principal World Headquarters
70,000+ employees in Downtown Des Moines
Downtown Des Moines is nationally recognized as a leading center for financial services and insurance, providing thousands of high-paying professional jobs
The area benefits from a significant government employment presence, anchored by the Iowa State Capitol Complex and numerous public agencies
Downtown Des Moines is also a major healthcare employment hub, anchored by several of Iowa's largest medical institutions
158 Units
1986 Built
Unit Mix: 16-Studios, 94-1BR/1BA 48-2BR/1BA
$1,043 Average Leased Rent
97,448 Net Rentable SF
114 Garage Spaces
16 Stories
Community Amenities include indoor parking garage, business cafe, 24/7 fitness center, clubhouse with billiards table, rooftop terrace with seating and grill station, on-site laundry, guest suite
Please click here for more information: https://www.cbredealflow.com/buyer/findprofile?pv=g2v96ZSLyCgy69_Xt4ujMikiMI4i_0yJoUNadWoP8xMAmweRJIGeLOJ6lPEC3oFG
Unbeatable downtown location adjacent to Principal World Headquarters
70,000+ employees in Downtown Des Moines
Downtown Des Moines is nationally recognized as a leading center for financial services and insurance, providing thousands of high-paying professional jobs
The area benefits from a significant government employment presence, anchored by the Iowa State Capitol Complex and numerous public agencies
Downtown Des Moines is also a major healthcare employment hub, anchored by several of Iowa's largest medical institutions
Property Facts
| Sale Type | Investment | Building Size | 176,627 SF |
| No. Units | 158 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 16 |
| Property Subtype | Apartment | Year Built/Renovated | 1986/2020 |
| Apartment Style | Hi-Rise | Parking Ratio | 0.65/1,000 SF |
| Building Class | B | Parcel Number | 030/03880-100-000 |
| Lot Size | 0.37 AC | ||
| Zoning | C-3 - 1A - Apartment High Rise | ||
| Sale Type | Investment |
| No. Units | 158 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 176,627 SF |
| Average Occupancy | 94% |
| No. Stories | 16 |
| Year Built/Renovated | 1986/2020 |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | C-3 - 1A - Apartment High Rise |
| Parcel Number | 030/03880-100-000 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Freezer
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Gameroom
- Guest Apartment
- Wi-Fi
- Roof Terrace
- Conference Rooms
- Elevator
- Lounge
- Maintenance on site
- Online Services
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 495 |
| 1+1 | 94 | - | 525 - 680 |
| 2+1 | 48 | - | 727 |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
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The Parker @ Seventh | 615 Park St
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