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Commercial Real Estate Transactions

Commercial real estate transactions

9/30/2020

COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY FROM AUG. 1 – SEPT. 11, 2020

NEW JOHNSTON SPORTS SUPER COMPLEX…
Ignit Johnston, LLC paid $2.25 million to buy the property at 5346 Merle Hay Road in Johnston. Imperial Industrial Park LLC is listed as the seller of the 41,700-square-foot building that sits on a 12.12 acre parcel. The sale took place on Aug. 25, according to the Polk County Assessor’s website.
Johnston City records, posted on June 17, 2020, indicate a public-private partnership is in place with Ignit Sports to build an “expansive recreation project in the Johnston Gateway, just north of I-35/80 on Merle Hay Road.” The City’s announcement states that the project is “expected to house Iowa’s largest indoor track and soccer field in addition to indoor training facilities and a multi-purpose eight court facility. Ignit also plans to construct outdoor volleyball courts, baseball fields and a high-end soccer field.”

ADDRESS: 5346 MERLE HAY ROAD, JOHNSTON
AUG. 25, 2020
SALE PRICE: $2,250,000
SELLER: IMPERIAL INDUSTRIAL PARK LLC
BUYER: IGNIT JOHNSTON, LLC
ACRES: 12.12
SQUARE FEET: 41,700

WEST DES MOINES REAL ESTATE: WALGREENS…
An entity called IPE1031 REV357 LLC paid $5.7 million to buy the property at 4900 Mills Civic Parkway in West Des Moines. Sansgaard Group Inc. is listed as the seller of the 14,418 square-foot building that sits on a 2.753 acre parcel. The sale took place on Aug. 11, according to the Polk County Assessor’s website.

ADDRESS: 4900 MILLS CIVIC PARKWAY, WEST DES MOINES
AUG. 11, 2020
SALE PRICE: $5,700,000
SELLER: SANSGAARD GROUP INC
BUYER: IPE1031 REV357 LLC
ACRES: 2.753
SQUARE FEET: 14,418

POPULAR CLIVE STRIP MALL SELLS…
Plaza 1800 LLC paid $1.36 million to buy the property at 1800 N.W. 86th St. in Clive. The seller is listed as the Charles I. & Ruth Colby National Development Trust. The 30,529 square-foot building sits on a 3.041 acre parcel. The sale took place on Aug. 27, according to the Polk County Assessor’s website. Notable occupants of the building include Pally’s Bar & Grill, Lara’s Bakery, Cricket Wireless, and Fireplace Center.

ADDRESS: 1800 N.W. 86TH ST., CLIVE
AUG. 27, 2020
SALE PRICE: $1,360,000
SELLER: CHARLES I. & RUTH COLBY NATIONAL DEVELOPMENT TRUST
BUYER: PLAZA 1800 LLC
ACRES: 3.041
SQUARE FEET: 30,529

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

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

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

ADDRESS: 2825 EASTON BLVD., DES MOINES
AUG. 5, 2020
SALE PRICE: $250,000
SELLER: SANDHU MINIMART LLC
BUYER: ARSHI LLC
ACRES: 0.705
SQUARE FEET: 4,800

ADDRESS: 241 ADVENTURELAND DRIVE N.E., ALTOONA
AUG. 5, 2020
SALE PRICE: $1,351,790
SELLER: FRANZEN-ALTOONA-I80 PARTNERSHIP
BUYER: CUMMINS INC
ACRES: 7.021
SQUARE FEET:

ADDRESS: AT THE CORNER OF PARK AND S.W. 61ST
AUG. 6, 2020
SALE PRICE: $60,570
SELLER: CORNERSTONE FAMILY CHURCH OF DES MOINES
BUYER: MDM EQUITY-2010 LLC
ACRES: 0.336
SQUARE FEET:

ADDRESS: 1090 25TH ST., DES MOINES
AUG. 6, 2020
SALE PRICE: $199,500
SELLER: LA FRANCE, MARIA
BUYER: MEYER, RACHEL
ACRES: 0.141
SQUARE FEET: 1,772

ADDRESS: 702 20TH ST., DES MOINES
AUG. 7, 2020
SALE PRICE: $450,000
SELLER: PERCOL HOLDINGS LLC
BUYER: VAN-AM PROPERTIES LLC
ACRES: 0.184
SQUARE FEET: 12,112

ADDRESS: 556 16TH ST., WEST DES MOINES
AUG. 10, 2020
SALE PRICE: $280,000
SELLER: KLNN-4051 LLC
BUYER: DICKEY PROPERTIES LLC
ACRES: 0.279
SQUARE FEET: 1,560

ADDRESS: 201 S. ANKENY BLVD., ANKENY
AUG. 11, 2020
SALE PRICE: $900,000
SELLER: ANKENY REAL ESTATE GROUP LP
BUYER: ANKENY REALTY LLC
ACRES: 0.814
SQUARE FEET: 3,996

ADDRESS: 6901 HICKMAN ROAD, UNIT 2, URBANDALE
AUG. 11, 2020
SALE PRICE: $500,000
SELLER: URBANDALE REAL ESTATE GROUP LP
BUYER: URBANDALE REALTY LLC
ACRES: 0.399
SQUARE FEET: 3,960

ADDRESS: 301 SANDPIPER COURT, POLK CITY
AUG. 11, 2020
SALE PRICE: $900,000
SELLER: D AND M LAND HOLDINGS LLC
BUYER: KARVIR LAND HOLDINGS LLC
ACRES: 0.768
SQUARE FEET: 3,240

ADDRESS: 85 PAINE ST. S.E., BONDURANT
AUG. 12, 2020
SALE PRICE: $310,000
SELLER: DNG PROPERTIES LLC
BUYER: T2 HOLDINGS LLC AND FOGGY BOTTOMS PROPERTIES LLC
ACRES: 0
SQUARE FEET:

ADDRESS: 3000 SCOTT AVE., DES MOINES
AUG. 14, 2020
SALE PRICE: $31,250
SELLER: ACCURATE LIFT TRUCK SERVICE INC
BUYER: 3000 SCOTT LLC
ACRES: 0.203
SQUARE FEET: 1,637

ADDRESS: 85 PAINE ST. S.E., BONDURANT
AUG. 14, 2020
SALE PRICE: $5,320,000
SELLER: T2 HOLDINGS LLC AND FOGGY BOTTOMS PROPERTIES LLC
BUYER: PENTA PARTNERS LLC
ACRES: 0
SQUARE FEET:

ADDRESS: 6450 N.E. 14TH ST., DES MOINES
AUG. 17, 2020
SALE PRICE: $1,598,000
SELLER: 6450 LLC
BUYER: GPG PROPERTIES LLC
ACRES: 3.565
SQUARE FEET: 16,740

ADDRESS: 4580 114TH ST., URBANDALE
AUG. 18, 2020
SALE PRICE: $1,232,780
SELLER: R&R REALTY GROUP LLC
BUYER: CASEY’S MARKETING COMPANY
ACRES: 1.972
SQUARE FEET:

ADDRESS: 6920 S.W. NINTH ST., DES MOINES
AUG. 18, 2020
SALE PRICE: $575,000
SELLER: SWIFT PROPERTIES LLC
BUYER: STIDHAM FAMILY TRUST
ACRES: 0.546
SQUARE FEET: 8,064

ADDRESS: 1850 S.E. DESTINATION DRIVE, GRIMES
AUG. 18, 2020
SALE PRICE: $1,600,000
SELLER: LORI KNOBLAUCH, LLC
BUYER: MANT LLC
ACRES: 2.763
SQUARE FEET: 26,100

ADDRESS: 1825 NINTH ST., DES MOINES
AUG. 19, 2020
SALE PRICE: $5,400
SELLER: GLOBE TAX 61 LLC
BUYER: R.M. MADDEN CONSTRUCTION INC
ACRES: 0.153
SQUARE FEET:

ADDRESS: 4308 UNIVERSITY AVE., DES MOINES
AUG. 20, 2020
SALE PRICE: $385,000
SELLER: SAUL, CHARLES
BUYER: EPC LLC
ACRES: 0.272
SQUARE FEET: 3,220

ADDRESS: 1751 GUTHRIE AVE., DES MOINES
AUG. 20, 2020
SALE PRICE: $1,500,000
SELLER: VAN METER INC.
BUYER: MIDWEST RADIO, INC
ACRES: 2.2
SQUARE FEET: 25,200

ADDRESS: 2447 E. WALNUT ST., DES MOINES
AUG. 20, 2020
SALE PRICE: $165,000
SELLER: MARILYN H. STEINBACH TRUST
BUYER: 2447 E. WALNUT STREET LLC
ACRES: 0.26
SQUARE FEET: 4,530

ADDRESS: 535 35TH ST., DES MOINES
AUG. 21, 2020
SALE PRICE: $3,250,000
SELLER: GRAND STRATFORD LLC
BUYER: COLAMAN RE HOLDINGS LLC
ACRES: 1.206
SQUARE FEET: 42,732

ADDRESS: 708 WALL AVE., DES MOINES
AUG. 24, 2020
SALE PRICE: $165,000
SELLER: SANDERS, SHARON
BUYER: 7 DAYS CASH LLC
ACRES: 0.24
SQUARE FEET: 1,872

ADDRESS: 544 SIXTH ST., WEST DES MOINES
AUG. 25, 2020
SALE PRICE: $155,000
SELLER: BOHALL, BRENDA
BUYER: 7 DAYS CASH LLC
ACRES: 0.166
SQUARE FEET: 1,832

ADDRESS: 4665 N.E. SEVENTH ST., DES MOINES
AUG. 25, 2020
SALE PRICE: $160,000
SELLER: ALBERT P. FABER TRUST
BUYER: SCHROEDER, BRIAN
ACRES: 0.438
SQUARE FEET: 3,718

ADDRESS: 2305 E. WALNUT ST., DES MOINES
AUG. 26, 2020
SALE PRICE: $143,000
SELLER: HODGES, JANA
BUYER: MCCLEISH, NICHOLAS
ACRES: 0.211
SQUARE FEET: 2,286

ADDRESS: 6674 N.W. 26TH ST., DES MOINES
AUG. 26, 2020
SALE PRICE: $1,650,000
SELLER: DES MOINES STORAGE LC
BUYER: LDR IOWA II LLC C/O SPENSA MANAGEMENT
ACRES: 3.5
SQUARE FEET: 30,100

ADDRESS: 1430 METRO EAST DRIVE, PLEASANT HILL
AUG. 26, 2020
SALE PRICE: $1,550,000
SELLER: DES MOINES STORAGE LC
BUYER: LDR IOWA III LLC C/O SPENSA MANAGEMENT
ACRES: 2.933
SQUARE FEET: 36,100

ADDRESS: 1217 FOREST AVE., DES MOINES
AUG. 27, 2020
SALE PRICE: $233,000
SELLER: HABIMANA, MARTIN
BUYER: THE BRIGHT TUMY LLC
ACRES: 0.455
SQUARE FEET: 4,885

ADDRESS: 432 TONAWANDA DRIVE, DES MOINES
AUG. 27, 2020
SALE PRICE: $600,000
SELLER: RALPH A. ACCOLA SEPARATE PROPERTY TRUST
BUYER: COLAMAN RE HOLDINGS LLC
ACRES: 0.866
SQUARE FEET: 9,432

ADDRESS: 3615 61ST ST., DES MOINES
AUG. 27, 2020
SALE PRICE: $375,000
SELLER: KARMA PROPERTIES IOWA LLC
BUYER: COLAMAN RE HOLDINGS LLC
ACRES: 0.416
SQUARE FEET: 8,420

ADDRESS: NEAR N.W. 56TH AND POLK ST., SHELDAHL
AUG. 27, 2020
SALE PRICE: $57,500
SELLER: NANCY HUTCHINS, ADMIN OF STANLEY ESTATE
BUYER: KOOKER, DOYLE
ACRES: 2.482
SQUARE FEET: 11,997

ADDRESS: 6304 S.W. NINTH ST., DES MOINES
AUG. 28, 2020
SALE PRICE: $3,567,000
SELLER: BBR OIL IV LLC
BUYER: IOWA NET ONE, LLC
ACRES: 2
SQUARE FEET: 6,203

ADDRESS: 5670 N.W. BEAVER DRIVE, JOHNSTON
AUG. 28, 2020
SALE PRICE: $2,400,000
SELLER: 5670 NW BEAVER DRIVE LLC
BUYER: KEYS, RANDALL
ACRES: 3.603
SQUARE FEET: 20,000 ♦

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