Stanbrough Realty Company is pleased to present Parkway West Apartments, a 4-tower, 181-unit new-construction multifamily community anchoring the Westdale district of southwest Cedar Rapids. Delivered in two phases: Tower 1 in 2020 and Towers 2-4 in 2025. The community pairs modern unit finishes and elevator-served towers with a location minutes from the metro's strongest retail corridor and four miles from downtown. The property runs at 99.4% residential occupancy, and 83% of in-place leases sit below current market rents, an annualized mark-to-market gap of $585,480 that a buyer captures on natural lease turnover. Tower 1 adds 13,908 SF of flex and retail space with contractual rent and CAM income. Parkway West is offered unpriced at market pricing: the in-place income stream and current-year mark-to-market capture are detailed in the Financial Analysis section of the Offering Memorandum.
License #: S64315000
515-689-2612ross.quintero@stanbroughrealty.com