Commercial Real Estate Transactions

9/2/2020

COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY FROM JULY 1 – AUG. 6, 2020

ADDRESS: 5327 N.W. SECOND ST., DES MOINES
SALE DATE: JULY 1, 2020
SALE PRICE: $535,000
SELLER: SUTTON WILLIAM PROPERTIES LLC
BUYER: ZB INVESTMENTS LC
SQUARE FEET: 6,400
ACRES: 0.577

ADDRESS: 1211 VINE ST., WEST DES MOINES
SALE DATE: JULY 1, 2020
SALE PRICE: $675,000
SELLER: BRIDGES OF IOWA
BUYER: CITY OF WEST DES MOINES
SQUARE FEET: 54,851
ACRES: 5.868

ADDRESS: 505 SHERIDAN AVE., DES MOINES
SALE DATE: JULY 1, 2020
SALE PRICE: $635,000
SELLER: CALIKEYS PROPERTY HOLDINGS II LLC
BUYER: IPE1031 REV353 LLC
SQUARE FEET: 12,449
ACRES: 1.725

ADDRESS: 865 S. 51ST ST., WEST DES MOINES
SALE DATE: JULY 2, 2020
SALE PRICE: $1,600,000
SELLER: HY-VEE INC.
BUYER: EIG14T JV IA WEST DES MOINES LLC
SQUARE FEET: 0
ACRES: 3.375

ADDRESS: 1621 NINTH ST., DES MOINES
SALE DATE: JULY 6, 2020
SALE PRICE: $545,000
SELLER: GBD LLC
BUYER: M2C INVESTMENTS LLC
SQUARE FEET: 12,015
ACRES: 0.428

ADDRESS: MAFFITT LAKE ROAD AND SOUTH 20TH STREET, WEST DES MOINES
SALE DATE: JULY 7, 2020
SALE PRICE: $4,350,000
SELLER: MAK INVESTMENTS INC.
BUYER: RICHARD J. SCIESZINSKI, CITY ATTORNEY W.D.M.
SQUARE FEET: 0
ACRES: 40.687

ADDRESS: 1390 N.W. 118TH ST., CLIVE
SALE DATE: JULY 8, 2020
SALE PRICE: $4,500,000
SELLER: CPLG PROPERTIES, LLC
BUYER: SAI HOTELS, LLC
SQUARE FEET: 46,796
ACRES: 2.056

ADDRESS: 3920 DIXON ST., UNIT 0000, DES MOINES
SALE DATE: JULY 8, 2020
SALE PRICE: $550,000
SELLER: GREENFIELD, STEVEN ESTATE
BUYER: IPE1031 REV353 LLC
SQUARE FEET: 24,000
ACRES: 2.118

ADDRESS: OUTLOT B RIDGEDALE HEIGHTS OUTLOTS, JOHNSTON
SALE DATE: JULY 8, 2020
SALE PRICE: $2,190,000
SELLER: TRANSITION PROPERTIES LLC
BUYER: TIMBERCREST HOMES LLC
SQUARE FEET: 0
ACRES: 21.405

ADDRESS: 210 GRAND AVE., WEST DES MOINES
SALE DATE: JULY 9, 2020
SALE PRICE: $1,500,000
SELLER: HURD INDIANOLA LLC
BUYER: HY-VEE INC.
SQUARE FEET: 2,916
ACRES: 1.404

ADDRESS: 1525 E. ARMY POST ROAD, DES MOINES
SALE DATE: JULY 10, 2020
SALE PRICE: $135,000
SELLER: PERFORMANCE SYSTEMS LC
BUYER: RLM PROPERTIES, LLC
SQUARE FEET: 3,600
ACRES: 0.376

ADDRESS: 206 S.E. MAGAZINE ROAD, ANKENY
SALE DATE: JULY 13, 2020
SALE PRICE: $550,000
SELLER: ADLER, DONALD P.
BUYER: BOERSMA PROPERTIES LLC
SQUARE FEET: 7,884
ACRES: 0.821

ADDRESS: 1800 HULL AVE., DES MOINES
SALE DATE: JULY 13, 2020
SALE PRICE: $3,350,000
SELLER: ELECTRO MANAGEMENT CORP
BUYER: BUILDING BREAD LLC
SQUARE FEET: 85,540
ACRES: 6.971

ADDRESS: 418 E. SIXTH ST., DES MOINES
SALE DATE: JULY 15, 2020
SALE PRICE: $450,000
SELLER: EDEN BATHS LLC
BUYER: FOUR EIGHTEEN LLC
SQUARE FEET: 3,300
ACRES: 0.043

ADDRESS: 175 S. NINTH ST., SUITE 625, WEST DES MOINES
SALE DATE: JULY 15, 2020
SALE PRICE: $180,000
SELLER: WEST GREEN INDUSTRIAL PARK LLC
BUYER: K & W HOLDINGS, LLC
SQUARE FEET: 1,920
ACRES: 0.044

ADDRESS: 1101 N.E. GATEWAY DRIVE, GRIMES
SALE DATE: JULY 15, 2020
SALE PRICE: $585,540
SELLER: HERITAGE 141 II LLC
BUYER: EIG14T KCE IA GRIMES, LLC
SQUARE FEET: 0
ACRES: 1.28

ADDRESS: 1211 E. ARMY POST ROAD, DES MOINES
SALE DATE: JULY 16, 2020
SALE PRICE: $1,700,000
SELLER: MACERICH SOUTHRIDGE MALL LLC
BUYER: JD DES MOINES LLC
SQUARE FEET: 45,515
ACRES: 3.833

ADDRESS: 1412 14TH ST., DES MOINES
SALE DATE: JULY 16, 2020
SALE PRICE: $8,000
SELLER: GREAT DANE HOLDINGS LLC
BUYER: LEHS, KENT
SQUARE FEET: 1,540
ACRES: 0.05

ADDRESS: 2115 S.W. STATE ST., ANKENY
SALE DATE: JULY 21, 2020
SALE PRICE: $1,369,960
SELLER: DRA PROPERTIES LC
BUYER: VERIDIAN CREDIT UNION
SQUARE FEET: 0
ACRES: 1.851

ADDRESS: 2400 86TH ST., SUITE 22, URBANDALE
SALE DATE: JULY 22, 2020
SALE PRICE: $125,000
SELLER: WRIGHT, DARCY C.
BUYER: CARMONEY HOLDINGS LLC
SQUARE FEET: 9,975
ACRES: 0.183

ADDRESS: 8515 DOUGLAS AVE., UNIT 23, URBANDALE
SALE DATE: JULY 22, 2020
SALE PRICE: $94,000
SELLER: HORTON, JAMES D.
BUYER: HORTON HOLDINGS LLC
SQUARE FEET: 1,225
ACRES: 0.1

ADDRESS: 2400 86TH ST., SUITE 22, POLK CITY
SALE DATE: JULY 23, 2020
SALE PRICE: $340,000
SELLER: 113 ARTS LLC
BUYER: SAS PROPERTIES LLC
SQUARE FEET: 2,121
ACRES: 0.225

ADDRESS: 1200 E. FIRST ST., GRIMES
SALE DATE: JULY 23, 2020
SALE PRICE: $199,900
SELLER: PERRY, JUDITH
BUYER: GRIMES PLAZA PARTNERS LLC
SQUARE FEET: 0
ACRES: 0.75

ADDRESS: 1010 S.W. MAGAZINE ROAD, ANKENY
SALE DATE: JULY 23, 2020
SALE PRICE: $1,574,120
SELLER: DRA PROPERTIES LC
BUYER: ATTIVO ANKENY LC
SQUARE FEET: 0
ACRES: 12.046

ADDRESS: 2625 N.E. BROADWAY AVE., DES MOINES
SALE DATE: JULY 28, 2020
SALE PRICE: $100,000
SELLER: LATHROP, EDDIE D.
BUYER: MJR HOLDINGS LLC
SQUARE FEET: 1,750
ACRES: 0.253

ADDRESS: 2601 N.E. BROADWAY AVE., DES MOINES
SALE DATE: JULY 28, 2020
SALE PRICE: $50,000
SELLER: LATHROP, EDWARD D.
BUYER: MJR HOLDINGS LLC
SQUARE FEET: 0
ACRES: 0.445

ADDRESS: 175 S. NINTH ST., SUITE 630, WEST DES MOINES
SALE DATE: JULY 28, 2020
SALE PRICE: $380,000
SELLER: WEST GREEN INDUSTRIAL PARK LLC
BUYER: LOPEZ TELLO FRAMING LLC
SQUARE FEET: 3,840
ACRES: 0.088

ADDRESS: 3805 SIXTH AVE., DES MOINES
SALE DATE: JULY 29, 2020
SALE PRICE: $400,000
SELLER: LINN, MERLYN K.
BUYER: KK FAMILY INC.
SQUARE FEET: 8,536
ACRES: 0.519

ADDRESS: 175 S. NINTH ST., SUITE 630, MITCHELLVILLE
SALE DATE: JULY 29, 2020
SALE PRICE: $378,000
SELLER: SWIFT PROPERTIES LLC
BUYER: PECK PROPERTIES LLC
SQUARE FEET: 5,984
ACRES: 0.202

ADDRESS: 2615 DEAN AVE., DES MOINES
SALE DATE: JULY 29, 2020
SALE PRICE: $1,807,000
SELLER: HOLT SALES & SERVICE INC.
BUYER: FARGO PROPERTIES LLC
SQUARE FEET: 19,800
ACRES: 1.311

ADDRESS: 2716 BEAVER AVE., DES MOINES
SALE DATE: JULY 30, 2020
SALE PRICE: $350,000
SELLER: US BANK NATIONAL ASSOCIATION
BUYER: FAREWAY STORES, INC. .
SQUARE FEET: 1,946
ACRES: 0.651

ADDRESS: 6290 N.E. INDUSTRY DRIVE, DES MOINES
SALE DATE: JULY 30, 2020
SALE PRICE: $3,710,000
SELLER: DRA PROPERTIES LC
BUYER: 6290 N.E. INDUSTRY DRIVE LLC
SQUARE FEET: 48,000
ACRES: 6.701

ADDRESS: 4539 UNIVERSITY AVE., DES MOINES
SALE DATE: JULY 30, 2020
SALE PRICE: $402,500
SELLER: TAZZIOLI, JAMES S.
BUYER: OPEN DOOR PROPERTIES IA LLC
SQUARE FEET: 6,273
ACRES: 0.515

ADDRESS: 110 S.W. FIFTH ST., DES MOINES
SALE DATE: JULY 30, 2020
SALE PRICE: $305,000
SELLER: LEDERMAN BROTHERS PROPERTY MANAGEMENT COMPANY LLC BUYER: SWITCHMAN INVESTMENTS LLC
SQUARE FEET: 1,172
ACRES: 0.069

ADDRESS: 119 S. SECOND ST., POLK CITY
SALE DATE: JULY 31, 2020
SALE PRICE: $310,000
SELLER: 1966 HOLDINGS LLC
BUYER: PENTA PARTNERS LLC
SQUARE FEET: 2,688
ACRES: 0.075

ADDRESS: 1205 11TH ST., WEST DES MOINES
SALE DATE: JULY 31, 2020
SALE PRICE: $16,545,060
SELLER: HAIGHT & ASSOCS DM L P
BUYER: CAMBRIDGE COURT OWNER LLC
SQUARE FEET: 235,620
ACRES: 13.182

ADDRESS: 1701 E. FIRST ST., GRIMES
SALE DATE: JULY 31, 2020
SALE PRICE: $1,097,710
SELLER: HY-VEE INC.
BUYER: DUPACO COMMUNITY CREDIT UNION
SQUARE FEET: 0
ACRES: 1.799

ADDRESS: 3926 N. UNION ST., DES MOINES
SALE DATE: JULY 31, 2020
SALE PRICE: $22,000
SELLER: MIDAMERICAN ENERGY COMPANY
BUYER: CITY OF DES MOINES
SQUARE FEET: 0
ACRES: 0.944

ADDRESS: 10950 MEREDITH DRIVE, URBANDALE
SALE DATE: AUG. 3, 2020
SALE PRICE: $529,130
SELLER: WILLIAM C. KNAPP LC
BUYER: MILLER PROPERTIES 1 LLC
SQUARE FEET: 0
ACRES: 1.246

ADDRESS: 3901 DIXON ST., DES MOINES
SALE DATE: AUG. 4, 2020
SALE PRICE: $13,545,000
SELLER: WAREHOUSE INVESTORS LLC
BUYER: 3901 DIXON INVESTORS LLC
SQUARE FEET: 199,180
ACRES: 9.64

ADDRESS: 3750 GRAND AVE., DES MOINES
SALE DATE: AUG. 4, 2020
SALE PRICE: $1,950,000
SELLER: WESLEY DEVELOPMENT SERVICES LLC
BUYER: 3750 GRAND LLC
SQUARE FEET: 31,550
ACRES: 2.931

ADDRESS: LOT G MID-AMERICA INDUSTRIAL PARK NO 1, DES MOINES
SALE DATE: AUG. 6, 2020
SALE PRICE: $60,570
SELLER: CORNERSTONE FAMILY CHURCH OF DES MOINES
BUYER: MDM EQUITY-2010 LLC
SQUARE FEET: 0
ACRES: 0.336 ♦