Commercial Real Estate Transactions
1/6/2021COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY FROM NOV. 2, 2020, THROUGH DEC. 15, 2020.
974 73RD ST., UNIT 8, WINDSOR HEIGHTS
SALE DATE: NOV. 2, 2020
SALE PRICE: $127,250
SELLER: IOWA SERVICE OF PROCESS LLC
BUYER: OLIVER, MICHAEL B.
SQUARE FEET: 1,250
ACRES: 0.107
3022 S.E. 14TH ST., DES MOINES
SALE DATE: NOV. 2, 2020
SALE PRICE: $375,000
SELLER: TWW PROPERTY LLC
BUYER: WALFORD PROPERTIES LLC
SQUARE FEET: 2,990
ACRES: 0.605
1430 EIGHTH ST., DES MOINES
SALE DATE: NOV. 3, 2020
SALE PRICE: $82,500
SELLER: HUGHES, NENITA
BUYER: SOWADA, JOHN
SQUARE FEET: 2,430
ACRES: 0.167
6015 GRAND AVE., DES MOINES
SALE DATE: NOV. 3, 2020
SALE PRICE: $81,250
SELLER: MARJORIE SCHWARZ TRUST
BUYER: SCARLETT & COMPANY LLC
SQUARE FEET: 5,364
ACRES: 0.99
6015 GRAND AVE., DES MOINES
SALE DATE: NOV. 3, 2020
SALE PRICE: $81,250
SELLER: STEVEN O. HERNDON REVOCABLE TRUST
BUYER: SCARLETT & COMPANY LLC
SQUARE FEET: 5,364
ACRES: 0.99
3455 S.E. GATEWAY DRIVE, GRIMES
SALE DATE: NOV. 5, 2020
SALE PRICE: $2,480,040
SELLER: COLLECTIVE INVESTMENT MANAGEMENT LTD.
BUYER: HY-VEE, INC.
SQUARE FEET: 0
ACRES: 9.097
515 28TH ST., DES MOINES
SALE DATE: NOV. 5, 2020
SALE PRICE: $526,500
SELLER: WE CAN BUILD IT LC
BUYER: SPOT 515 LLC
SQUARE FEET: 12,100
ACRES: 0.319
106 SECOND ST. S.E., ALTOONA
SALE DATE: NOV. 6, 2020
SALE PRICE: $275,000
SELLER: JMT PROPERTIES LLC
BUYER: EBJN UNLIMITED LLC
SQUARE FEET: 2,972
ACRES: 0.144
9121 WINDSOR PARKWAY, JOHNSTON
SALE DATE: NOV. 9, 2020
SALE PRICE: $425,000
SELLER: HARVEST INVESTMENTS LLC
BUYER: JERRY’S HOMES INC.
SQUARE FEET: 0
ACRES: 4.223
6015 GRAND AVE., DES MOINES
SALE DATE: NOV. 10, 2020
SALE PRICE: $81,250
SELLER: RONALD AND LOUISE HERNDON JOINT REVOCABLE TRUST
BUYER: SCARLETT & COMPANY LLC
SQUARE FEET: 5,364
ACRES: 0.99
1801 GRAND AVE., WEST DES MOINES
SALE DATE: NOV. 11, 2020
SALE PRICE: $362,000
SELLER: LARRY C. BOOK AND ALICE M. BOOK REV. TRUST
BUYER: OMW LLC
SQUARE FEET: 2,020
ACRES: 0.517
2617 S.W. NINTH ST., DES MOINES
SALE DATE: NOV. 11, 2020
SALE PRICE: $149,900
SELLER: SOLUTIONS NOW LLC
BUYER: BING LLC
SQUARE FEET: 1,200
ACRES: 0.143
6015 GRAND AVE., DES MOINES
SALE DATE: NOV. 13, 2020
SALE PRICE: $81,250
SELLER: PHYLLIS M. WOODS TRUST
BUYER: SCARLETT & COMPANY LLC
SQUARE FEET: 5,364
ACRES: 0.99
9625 HICKMAN ROAD, URBANDALE
SALE DATE: NOV. 16, 2020
SALE PRICE: $10,000,000
SELLER: RAMSEY DEVELOPMENT CO.
BUYER: LITHIA REAL ESTATE, INC.
SQUARE FEET: 71,994
ACRES: 13.596
1510 N.E. 46TH AVE., DES MOINES
SALE DATE: NOV. 16, 2020
SALE PRICE: $1,000,000
SELLER: IMPERIAL PROPERTIES INC.
BUYER: CROWN HOLDINGS LLC
SQUARE FEET: 12,000
ACRES: 0.958
2404 ROBINSON AVE. N.E., BONDURANT
SALE DATE: NOV. 16, 2020
SALE PRICE: $427,730
SELLER: BONDURANT BUSINESS PARK LLC
BUYER: AV COMMERCIAL HOLDINGS LLC
SQUARE FEET: 0
ACRES: 2.182
1511 HIGH ST., DES MOINES
SALE DATE: NOV. 17, 2020
SALE PRICE: $1,225,000
SELLER: NGUYEN, AILIEN
BUYER: JAW PROPERTIES LLC
SQUARE FEET: 7,917
ACRES: 0.412
718 N.E. GRANT ST., ANKENY
SALE DATE: NOV. 18, 2020
SALE PRICE: $600,000
SELLER: MAK INVESTMENTS INC.
BUYER: NEW HORIZONS ADULT DAY CENTER
SQUARE FEET: 10,585
ACRES: 0.966
709 34TH AVE. S.W., ALTOONA
SALE DATE: NOV. 18, 2020
SALE PRICE: $2,475,000
SELLER: ALTOONA LION DEVELOPMENT GROUP LLC
BUYER: SANAV ALTOONA PROPERTIES LLC
SQUARE FEET: 11,070
ACRES: 1.061
5901 ASHWORTH ROAD, WEST DES MOINES
SALE DATE: NOV. 18, 2020
SALE PRICE: $1,050,000
SELLER: TRAVE GROUP LLC
BUYER: DARALEE LLC
SQUARE FEET: 6,000
ACRES: 0.776
1124 26TH ST., DES MOINES
SALE DATE: NOV. 18, 2020
SALE PRICE: $150,000
SELLER: KOSHY HOLDINGS LLC
BUYER: INVEST DSM, INC.
SQUARE FEET: 3,084
ACRES: 0.132
Former Sears real estate at Merle Hay Mall…
The real estate formerly occupied by a Sears department store, 4000 Merle Hay Road, was purchased by an affiliate of Merle Hay Mall’s owners, Merle Hay Anchors LLC, on Nov. 18, 2020 for $2.8 million, according to Polk County Assessor records. The building boasts 230,673 square feet and sits on more than 13 acres. Merle Hay Anchors also owns the former Younkers site at 3800 Merle Hay Road, which will soon be home to the Des Moines Buccaneers ice hockey team. The Sears mall store closed two years ago.
4000 MERLE HAY ROAD, DES MOINES
SALE DATE: NOV. 18, 2020
SALE PRICE: $2,800,000
SELLER: TF DES MOINES IA LLC
BUYER: MERLE HAY ANCHORS LLC
SQUARE FEET: 230,673
ACRES: 13.07
2009 N.W. HICKORY LANE, ANKENY
SALE DATE: NOV. 19, 2020
SALE PRICE: $500,000
SELLER: 2009 N.W. HICKORY LN. HSG. COOP ASSOC.
BUYER: TT & C COOPERATIVE HOUSING
SQUARE FEET: 7,800
ACRES: 0.589
3410 FOURTH ST., DES MOINES
SALE DATE: NOV. 19, 2020
SALE PRICE: $53,000
SELLER: FISK, ERIK
BUYER: RODRIGUEZ, OMAR
SQUARE FEET: 2,598
ACRES: 0.177
4475 N.E. THIRD ST., DES MOINES
SALE DATE: NOV. 19, 2020
SALE PRICE: $1,850,000
SELLER: BRYANT, BILLY H. ESTATE
BUYER: 6450 LLC
SQUARE FEET: 26,356
ACRES: 12.083
Kum & Go in Ankeny…
The real estate at 165 S.W. Magazine Road, Ankeny sold to 3DI Inc. on Nov. 20, 2020, according to Polk County Assessor records. The Grimes-based company paid Capo Holdings $5.6 million for the building with 4,884 square feet sitting on 2.2 acres. A Kum & Go convenience store is listed as the occupant of the property.
165 S.W. MAGAZINE ROAD, ANKENY
SALE DATE: NOV. 20, 2020
SALE PRICE: $5,630,930
SELLER: CAPO HOLDINGS LLC
BUYER: 3DI INC.
SQUARE FEET: 4,884
ACRES: 2.223
1407 N.W. LAUREL ST., ELKHART
SALE DATE: NOV. 20, 2020
SALE PRICE: $675,000
SELLER: PEAK DEVELOPMENT CORP.
BUYER: TANAM, LLC
SQUARE FEET: 0
ACRES: 6.004
1000 73RD ST., UNIT 21, WINDSOR HEIGHTS
SALE DATE: NOV. 20, 2020
SALE PRICE: $96,000
SELLER: MICHAEL J. HART M.D. P.C.
BUYER: YANG, YAXIONG
SQUARE FEET: 1,775
ACRES: 0.138
12 10TH ST., DES MOINES
SALE DATE: NOV. 20, 2020
SALE PRICE: $1,100,000
SELLER: 10TH ST. PARKING LLC
BUYER: COLAMAN RE HOLDINGS LLC
SQUARE FEET: 0
ACRES: 1.388
110 10TH ST., DES MOINES
SALE DATE: NOV. 20, 2020
SALE PRICE: $10,500,000
SELLER: 10TH ST. LOFTS LLLP
BUYER: 110-112 10TH ST. LLC
SQUARE FEET: 89,700
ACRES: 0.709
320 S.E. GATEWAY CIRCLE, GRIMES
SALE DATE: NOV. 23, 2020
SALE PRICE: $311,300
SELLER: WILLIAM C. KNAPP LC
BUYER: SSD PROPERTIES LLC
SQUARE FEET: 0
ACRES: 2.828
974 73RD ST., UNIT 43, WINDSOR HEIGHTS
SALE DATE: NOV. 23, 2020
SALE PRICE: $130,000
SELLER: ALINA ROSELLI HAIR DESIGN LLC
BUYER: KOBLISKA, JILL
SQUARE FEET: 1,250
ACRES: 0.107
902 E. FIRST ST., ANKENY
SALE DATE: NOV. 24, 2020
SALE PRICE: $33,200,000
SELLER: WANDA MANOR COOPERATIVE
BUYER: LAKE SHORE OWNER LLC
SQUARE FEET: 281,870
ACRES: 16.673
202 N.E. TRILEIN DRIVE, ANKENY
SALE DATE: NOV. 24, 2020
SALE PRICE: $2,150,000
SELLER: ANKENY MANOR COOPERATIVE
BUYER: LAKE SHORE PLACE OWNER LLC
SQUARE FEET: 24,864
ACRES: 1.22
2701 S.E. PEACHTREE DRIVE, ANKENY
SALE DATE: NOV. 24, 2020
SALE PRICE: $1,375,000
SELLER: PEACHTREE APARTMENTS COOPERATIVE
BUYER: PEACH TREE ANKENY OWNER, LLC
SQUARE FEET: 15,496
ACRES: 1.438
725 N.E. FIFTH ST., ANKENY
SALE DATE: NOV. 24, 2020
SALE PRICE: $10,900,000
SELLER: WANDA MANOR COOPERATIVE
BUYER: LAKE SHORE PARK OWNER LLC
SQUARE FEET: 118,277
ACRES: 7.363
404 SANDPIPER COURT, POLK CITY
SALE DATE: NOV. 24, 2020
SALE PRICE: $4,400,000
SELLER: SAYLORVILLE LAKESIDE COOPERATIVE
BUYER: SAYLORVILLE LAKESIDE OWNER LLC
SQUARE FEET: 47,238
ACRES: 3.023
10190 HICKMAN COURT, CLIVE
SALE DATE: NOV. 25, 2020
SALE PRICE: $800,000
SELLER: HICKMAN FLEX LC
BUYER: BARTLETT PROPERTIES LLC
SQUARE FEET: 12,000
ACRES: 1.234
720 EIGHTH ST. S.E., ALTOONA
SALE DATE: NOV. 25, 2020
SALE PRICE: $5,300,000
SELLER: CENTENNIAL PLACE COOPERATIVE HOUSING ASSOCIATION
BUYER: TMG JACKSON LLC
SQUARE FEET: 87,416
ACRES: 4.841
6799 N.E. 14TH ST., ANKENY
SALE DATE: NOV. 25, 2020
SALE PRICE: $898,000
SELLER: SCOTT, LINDA A.
BUYER: PERFICUT PARTNERS LLC
SQUARE FEET: 3,168
ACRES: 6.322
5814 HICKMAN ROAD, DES MOINES
SALE DATE: NOV. 25, 2020
SALE PRICE: $225,000
SELLER: BARKER BARKER BARGER LLC
BUYER: JANA INVESTMENTS, LLC
SQUARE FEET: 1,232
ACRES: 0.296
2625 VINE ST., WEST DES MOINES
SALE DATE: NOV. 26, 2020
SALE PRICE: $7,892,260
SELLER: KESTERSON INVESTMENT CORP.
BUYER: FAIRMEADOWS COMMUNITY LLC
SQUARE FEET: 93,921
ACRES: 7.025
2907 DOUGLAS AVE., DES MOINES
SALE DATE: NOV. 27, 2020
SALE PRICE: $275,000
SELLER: FUNDAMENTAX FINANCIAL SERVICES LLC
BUYER: 2907 DOUGLAS LLC
SQUARE FEET: 3,000
ACRES: 0.424
6315 HICKMAN ROAD, DES MOINES
SALE DATE: NOV. 27, 2020
SALE PRICE: $1,280,000
SELLER: MY IOWA HOMES LLC
BUYER: TKKT, LLC
SQUARE FEET: 19,344
ACRES: 0.515
116 FIRST AVE. N., ALTOONA
SALE DATE: NOV. 30, 2020
SALE PRICE: $615,370
SELLER: JOHNSTON, ROBERT E.
BUYER: JOHNHOPP LLC
SQUARE FEET: 6,600
ACRES: 0.771
1731 HIGH ST., DES MOINES
SALE DATE: NOV. 30, 2020
SALE PRICE: $764,000
SELLER: ROBBINS PROPERTIES LLC
BUYER: GATEWAY HILL LLC
SQUARE FEET: 11,440
ACRES: 0.473
4315 N.E. 23RD AVE., DES MOINES
SALE DATE: NOV. 30, 2020
SALE PRICE: $479,000
SELLER: EASTWOOD ESTATES LLC
BUYER: DES MOINES MHP LAND LLC
SQUARE FEET: 0
ACRES: 20.5
1967 HULL AVE., DES MOINES
SALE DATE: NOV. 30, 2020
SALE PRICE: $501,000
SELLER: ARCHER-DANIELS-MIDLAND COMPANY
BUYER: AG & EG, LLC
SQUARE FEET: 5,040
ACRES: 2.407
Walgreens real estate sells…
West Des Moines Property Investors LLC paid $6.6 million for the West Des Moines property at 1660 22nd St. on Nov. 30, according to Polk County Assessor records. The seller of the 14,418-square-foot building that sits on more than 1.7 acres is listed as 1660 West Des Moines LLC. Walgreens is listed as the building’s occupant.
1660 22ND ST., WEST DES MOINES
SALE DATE: NOV. 30, 2020
SALE PRICE: $6,660,000
SELLER: 1660 WEST DES MOINES LLC
BUYER: WEST DES MOINES PROPERTY INVESTORS LLC
SQUARE FEET: 14,418
ACRES: 1.748
2401 HIGH ST., DES MOINES
SALE DATE: DEC. 1, 2020
SALE PRICE: $340,000
SELLER: HOMELAND REAL ESTATE LLC
BUYER: RODRIGUEZ, JESUS A.
SQUARE FEET: 3,376
ACRES: 0.152
209 S.W. CHERRY ST., ANKENY
SALE DATE: DEC. 1, 2020
SALE PRICE: $453,000
SELLER: MIDAS INVESTMENTS LLC
BUYER: YOUNGPRO PROPERTIES LLC
SQUARE FEET: 3,416
ACRES: 0.252
334 S.W. EIGHTH ST., DES MOINES
SALE DATE: DEC. 1, 2020
SALE PRICE: $2,750,000
SELLER: HUBBELL REALTY COMPANY
BUYER: STORAGE FIVE DES MOINES LLC
SQUARE FEET: 76,020
ACRES: 1.304
130 FIFTH ST., WEST DES MOINES
SALE DATE: DEC. 3, 2020
SALE PRICE: $250,000
SELLER: NARLAND, DENNIS
BUYER: BTC INVESTMENTS LLC
SQUARE FEET: 2,376
ACRES: 0.066
2040 HULL AVE., DES MOINES
SALE DATE: DEC. 4, 2020
SALE PRICE: $950,000
SELLER: BBRE LLP
BUYER: METRO FIBERNET LLC
SQUARE FEET: 16,100
ACRES: 2.055
1425 METRO EAST DRIVE, UNIT 109, PLEASANT HILL
SALE DATE: DEC. 4, 2020
SALE PRICE: $125,000
SELLER: G & S OFFICE MACHINES LLC
BUYER: SUNSTONE ORGANICS LLC
SQUARE FEET: 1,250
ACRES: 0.12
1201 S.W. STATE ST., ANKENY
SALE DATE: DEC. 7, 2020
SALE PRICE: $2,875,000
SELLER: DRA PROPERTIES LC
BUYER: K AND N HOLDINGS, LLC
SQUARE FEET: 17,487
ACRES: 2.493 ♦
