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Commercial Real Estate Transactions

Commercial Real Estate Transactions

2/3/2021

COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY FROM DEC. 14, 2020, THROUGH DEC. 30, 2020

2075 N.W. 94TH ST., CLIVE
SALE DATE: DEC. 14, 2020
SALE PRICE: $2,750,000
SELLER: RJW LLC
BUYER: GREENLAND PROPERTY, LLC
ACRES: 3.42
SQUARE FEET: 41,140

4300 WESTOWN PARKWAY, WEST DES MOINES
SALE DATE: DEC. 14, 2020
SALE PRICE: $13,850,000
SELLER: 4300 WESTOWN LLC
BUYER: MCR INVESTMENTS VIII, LLC
ACRES: 9.942
SQUARE FEET: 107,068

951 N.E. GATEWAY DRIVE, GRIMES
SALE DATE: DEC. 14, 2020
SALE PRICE: $543,630
SELLER: HERITAGE 141, LLC
BUYER: BL HOLDING COMPANY LLC
ACRES: 1.035
SQUARE FEET: 0

3611 N.E. OTTERVIEW CIRCLE, ANKENY
SALE DATE: DEC. 14, 2020
SALE PRICE: $2,500,000
SELLER: DRA PROPERTIES LC
BUYER: THE STANDARD 36 LLC
ACRES: 6.569
SQUARE FEET: 0

6355 N.W. 51ST ST., JOHNSTON
SALE DATE: DEC. 14, 2020
SALE PRICE: $300,000
SELLER: BISHOP, ROGER
BUYER: BORWICK, RON
ACRES: 4.355
SQUARE FEET: 780

2502 S.E. HULSIZER ROAD, ANKENY
SALE DATE: DEC. 14, 2020
SALE PRICE: $1,411,990
SELLER: KE MEZZ, LLC
BUYER: HORIZON HOTELS IOWA LLC
ACRES: 5.811
SQUARE FEET: 0

2725 INGERSOLL AVE., DES MOINES
SALE DATE: DEC. 15, 2020
SALE PRICE: $235,000
SELLER: ALAN ZUCKERT REVOCABLE TRUST
BUYER: 2725 INGERSOLL MILLANG, LLC
ACRES: 0.117
SQUARE FEET: 1,855

6450 N.E. INDUSTRY DRIVE, DES MOINES
SALE DATE: DEC. 15, 2020
SALE PRICE: $7,650,000
SELLER: DRA PROPERTIES LC
BUYER: BETTER WAY INVESTMENTS-DES MOINES LLC
ACRES: 13.228
SQUARE FEET: 110,600

101 SHERIDAN AVE., DES MOINES
SALE DATE: DEC. 17, 2020
SALE PRICE: $900,000
SELLER: OXBOW PROPERTIES LLC
BUYER: DONOVAN INDUSTRIES, LLC
ACRES: 2.292
SQUARE FEET: 39,164

5207 S.E. RIO COURT, ANKENY
SALE DATE: DEC. 17, 2020
SALE PRICE: $1,015,000
SELLER: PAN-O-GOLD BLACK HILLS COMPANY
BUYER: LAKELAND INVESTORS INC.
ACRES: 3
SQUARE FEET: 12,800

1101 S. ANKENY BLVD. , ANKENY
SALE DATE: DEC. 17, 2020
SALE PRICE: $459,120
SELLER: VERIDIAN CREDIT UNION
BUYER: ANKENY JJ, LLC
ACRES: 2.059
SQUARE FEET: 0

3103 GRAND AVE., DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $1,200,000
SELLER: BLUE HERON PROPERTIES LLC
BUYER: ACADIAN-INGERSOLL LLC
ACRES: 0.533
SQUARE FEET: 4,787

SOLD: Atlantic Coca-Cola Bottling Co.’s corporate headquarters… 3600 Army Post Road, Des Moines sold on Dec. 18, 2020, for $31.5 million to AIC Income Fund II Army Post LLC. The seller of the 27.97 acres is listed as Kore Iowa LLC. Atlantic Bottling is listed as the occupant.

3600 ARMY POST ROAD, DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $31,500,000
SELLER: KORE IOWA LLC
BUYER: AIC INCOME FUND II ARMY POST LLC
ACRES: 27.97
SQUARE FEET: 397,938

2025 E. GRAND AVE., DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $145,000
SELLER: CYPRESS PROPERTIES LLC
BUYER: LIL BROTHER CONSTRUCTION LLC
ACRES: 0.652
SQUARE FEET: 1,470

3100 DELAWARE AVE., DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $900,000
SELLER: THOMPSON PROPERTIES LC
BUYER: VOYAGER INVESTMENTS LLC
ACRES: 1.415
SQUARE FEET: 24,710

120 ARTHUR AVE., DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $557,000
SELLER: JANET A. BIRKINBINE TRUST
BUYER: TRADITION HOME BUILDERS LLC
ACRES: 0.835
SQUARE FEET: 6,000

NEAR S.E. 19TH AND N.W. 106TH, JOHNSTON
SALE DATE: DEC. 18, 2020
SALE PRICE: $10,000,000
SELLER: JOHNSTON HEIGHTS JV LLC
BUYER: DSM GRUBB PORTFOLIO, LLC
ACRES: 8.171
SQUARE FEET: 100,194

2355 N.W. 56TH PLACE, DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $30,000
SELLER: DURBIN, TYLER J.
BUYER: MARTIN MARIETTA MATERIALS REAL EST. INVSTMNTS INC.
ACRES: 1.693
SQUARE FEET: 0

2180 N.W. 56TH PLACE, DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $108,000
SELLER: CALLISTO TRUST
BUYER: MARTIN MARIETTA MATERIALS REAL EST. INVSTMNTS INC.
ACRES: 1.693
SQUARE FEET: 0

2530 N.W. 56TH PLACE, DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $45,000
SELLER: NW COMPANY
BUYER: MARTIN MARIETTA MATERIALS REAL EST. INVSTMNTS INC.
ACRES: 0.423
SQUARE FEET: 0

5050 INGERSOLL AVE., DES MOINES
SALE DATE: DEC. 18, 2020
SALE PRICE: $390,000
SELLER: 5050 INGERSOLL LLC
BUYER: HARCROW INVESTMENTS LLC
ACRES: 0.327
SQUARE FEET: 3,848

1125 18TH ST., DES MOINES
SALE DATE: DEC. 20, 2020
SALE PRICE: $165,000
SELLER: SCOTT, NATHAN
BUYER: KLINE, MATTHEW R.
ACRES: 0.217
SQUARE FEET: 2,547

6105 MERLE HAY ROAD, JOHNSTON
SALE DATE: DEC. 21, 2020
SALE PRICE: $1,690,000
SELLER: ONE SITE DEVELOPMENT LLC
BUYER: REAL ESTATE HOLDINGS III LLC
ACRES: 1.12
SQUARE FEET: 10,636

800 NEW YORK AVE., DES MOINES
SALE DATE: DEC. 21, 2020
SALE PRICE: $1,897,630
SELLER: KOOL STORAGE LLC
BUYER: SKJ LLC
ACRES: 7.04
SQUARE FEET: 194,331

245 50TH ST., WEST DES MOINES
SALE DATE: DEC. 21, 2020
SALE PRICE: $6,450,000
SELLER: WELLINGTON SQUARE LLC
BUYER: WELLINGTON PLAZA LLC
ACRES: 6.05
SQUARE FEET: 40,171

10426 DORSET DRIVE, JOHNSTON
SALE DATE: DEC. 21, 2020
SALE PRICE: $20,165,000
SELLER: AUGUSTA HOLDINGS LLC
BUYER: STERLING ACQUISITIONS, LLC
ACRES: 11.65
SQUARE FEET: 189,536

320 S.W. SEVENTH ST., DES MOINES
SALE DATE: DEC. 21, 2020
SALE PRICE: $7,350,000
SELLER: ROCKET TRANSFER I LLC
BUYER: FLT ROCKET TRANSFER LOFTS, LLC
ACRES: 1.5
SQUARE FEET: 59,040

1810 S.W. MAGAZINE ROAD, ANKENY
SALE DATE: DEC. 21, 2020
SALE PRICE: $788,980
SELLER: DRA PROPERTIES LC
BUYER: PET PARENT HOLDINGS ANKENY, LLC
ACRES: 3.18
SQUARE FEET: 0

2360 N.W. 56TH PLACE, DES MOINES
SALE DATE: DEC. 21, 2020
SALE PRICE: $30,000
SELLER: PORTER, MICHAEL R.
BUYER: MARTIN MARIETTA MATERIALS REAL EST. INVSTMNTS INC.
ACRES: 1.27
SQUARE FEET: 1,456

2185 N.W. 56TH PLACE, DES MOINES
SALE DATE: DEC. 21, 2020
SALE PRICE: $150,000
SELLER: NOWAK, KEVIN
BUYER: RIVERSIDE CEMENT COMPANY
ACRES: 0.846
SQUARE FEET: 1,854

2255 N.W. 56TH PLACE, DES MOINES
SALE DATE: DEC. 21, 2020
SALE PRICE: $135,000
SELLER: BURROWS, MATTHEW
BUYER: RIVERSIDE CEMENT COMPANY
ACRES: 0.846
SQUARE FEET: 810

3104 UNIVERSITY AVE., DES MOINES
SALE DATE: DEC. 21, 2020
SALE PRICE: $7,500,000
SELLER: KUM & GO LC
BUYER: FRG DES MOINES, LLC
ACRES: 1.036
SQUARE FEET: 5,656

8601 WINDSOR PARKWAY, JOHNSTON
SALE DATE: DEC. 22, 2020
SALE PRICE: $2,950,000
SELLER: I.H.W.O.P.,L.L.C.
BUYER: KNAPP, WILLIAM C. LC
ACRES: 2.254
SQUARE FEET: 18,575

NEAR 1301 THOMAS BECK ROAD, DES MOINES
SALE DATE: DEC. 22, 2020
SALE PRICE: $300,000
SELLER: SCAGLIONE, FRANK A.
BUYER: CHRISTENSEN, JACOB C.
ACRES: 7.302
SQUARE FEET: 0

2006 INDIANOLA AVE., DES MOINES
SALE DATE: DEC. 22, 2020
SALE PRICE: $98,000
SELLER: WAYNE RUSSELL LC
BUYER: MONTE PROPERTIES INC.
ACRES: 0.224
SQUARE FEET: 2,394

SOLD: Star Bar real estate… The real estate at 2801 Ingersoll Ave. in Des Moines sold on Dec. 23, 2020, for $1.2 million to Peachtree Properties LC. John R. Croat is listed as the seller of the half-acre-plus parcel and Star Bar and The Mansion are listed as occupants.

2801 INGERSOLL AVE., DES MOINES
SALE DATE: DEC. 23, 2020
SALE PRICE: $1,200,000
SELLER: CROAT, JOHN R.
BUYER: PEACHTREE PROPERTIES LC
ACRES: 0.525
SQUARE FEET: 7,742

3421 S.E. MIEHE DRIVE, UNIT 34, GRIMES
SALE DATE: DEC. 23, 2020
SALE PRICE: $220,000
SELLER: ALEXANDER, JACK L.
BUYER: GINA R. ROSS REVOCABLE TRUST
ACRES: 0.124
SQUARE FEET: 2,160

3733 EASTON BLVD. , DES MOINES
SALE DATE: DEC. 23, 2020
SALE PRICE: $175,000
SELLER: FORSYTHE, GERALD R.
BUYER: SMOKERS GENIE II LLC
ACRES: 0.3
SQUARE FEET: 2,646

717 N ANKENY BLVD. , ANKENY
SALE DATE: DEC. 23, 2020
SALE PRICE: $1,360,000
SELLER: ERIC & CAROL ZIEL JOINT REVOCABLE TRUST
BUYER: TJL INVESTMENTS, LLC
ACRES: 0.967
SQUARE FEET: 11,370

7021 HICKMAN ROAD, UNIT 4, URBANDALE
SALE DATE: DEC. 23, 2020
SALE PRICE: $53,750
SELLER: SEAMAN, SHIRLEY
BUYER: DRESS FOR SUCCESS DES MOINES
ACRES: 0.18
SQUARE FEET: 1,575

7021 HICKMAN ROAD, UNIT 3, URBANDALE
SALE DATE: DEC. 23, 2020
SALE PRICE: $53,750
SELLER: UNITED SERVICES ASSOCIATION INC.
BUYER: DRESS FOR SUCCESS DES MOINES
ACRES: 0.18
SQUARE FEET: 1,575

1425 METRO EAST DRIVE, UNIT 108, PLEASANT HILL
SALE DATE: DEC. 27, 2020
SALE PRICE: $95,000
SELLER: BARKER FINANCIAL LLC
BUYER: DUDEN, JOHN P.
ACRES: 0.12
SQUARE FEET: 1,250

3100 100TH ST., URBANDALE
SALE DATE: DEC. 28, 2020
SALE PRICE: $1,175,000
SELLER: MAT PROPERTIES LLC
BUYER: AMD II PROPERTIES LLC
ACRES: 0.78
SQUARE FEET: 10,000

SOLD: Property of former Johnston Burger King… The real estate at 8550 Birchwood Court in Johnston sold on Dec. 28, 2020, for $1.37 million to Stahan Partners, LLC. Polk County Assessor records list the seller of the 1.2-plus acre parcel as 8550 Birchwood LLC. A Burger King used to occupy the building, but it closed last year.

8550 BIRCHWOOD COURT, JOHNSTON
SALE DATE: DEC. 28, 2020
SALE PRICE: $1,370,000
SELLER: 8550 BIRCHWOOD LLC
BUYER: STAHAN PARTNERS, LLC
ACRES: 1.218
SQUARE FEET: 3,993

NEAR S.W. ORDINANCE AND S.W. ELM , ANKENY
SALE DATE: DEC. 28, 2020
SALE PRICE: $500,000
SELLER: OTT, DORIS B.
BUYER: INNOVATIVE COMMUNICATIONS TECHNOLOGIES LLC
ACRES: 2.672
SQUARE FEET: 0

1650 FULLER ROAD, WEST DES MOINES
SALE DATE: DEC. 28, 2020
SALE PRICE: $630,000
SELLER: J S K REALTY CORP
BUYER: DOERING PROPERTIES LLC
ACRES: 1.27
SQUARE FEET: 12,000

NEAR INDIANOLA AND E. COUNTY LINE ROAD, DES MOINES
SALE DATE: DEC. 28, 2020
SALE PRICE: $906,160
SELLER: KOETHE, LEMAR
BUYER: MIDAMERICAN ENERGY COMPANY
ACRES: 18.528
SQUARE FEET: 0

3841 S.E. CAPITOL CIRCLE, GRIMES
SALE DATE: DEC. 29, 2020
SALE PRICE: $900,000
SELLER: BEARTOOTH COMPANY LC
BUYER: CHARLES I & RUTH COLBY NATIONAL DEVELOPMENT TRUST
ACRES: 1.79
SQUARE FEET: 10,800

1195 N.W. AURORA AVE., DES MOINES
SALE DATE: DEC. 29, 2020
SALE PRICE: $1,700,000
SELLER: CRAIG PROPERTIES LLC
BUYER: EPC LLC
ACRES: 1.717
SQUARE FEET: 16,808

820 LYON ST., DES MOINES
SALE DATE: DEC. 29, 2020
SALE PRICE: $900,000
SELLER: CAPITAL HILL RESIDENTIAL HOUSING COOP
BUYER: EPC LLC
ACRES: 0.43
SQUARE FEET: 12,480

101 RHOTEN AVE., RUNNELLS
SALE DATE: DEC. 29, 2020
SALE PRICE: $392,000
SELLER: CTB ENTERPRISES LLC
BUYER: BLACK, CHRISTOPHER J.
ACRES: 1.05
SQUARE FEET: 6,468

2620 BEAVER AVE., DES MOINES
SALE DATE: DEC. 30, 2020
SALE PRICE: $400,000
SELLER: AIM INVESTMENTS LC
BUYER: PUDENZ PROPERTIES, LLC
ACRES: 0.316
SQUARE FEET: 9,020

404 S.E. FIFTH ST., DES MOINES
SALE DATE: DEC. 30, 2020
SALE PRICE: $545,000
SELLER: 404 S.E. 5TH STREET LLC
BUYER: THE DISTRICT DEVELOPER, LLC
ACRES: 0.39
SQUARE FEET: 0

306 S.E. FIFTH ST., DES MOINES
SALE DATE: DEC. 30, 2020
SALE PRICE: $2,570,000
SELLER: EAST VILLAGE GREEN LLC
BUYER: THE DISTRICT DEVELOPER, LLC
ACRES: 2.033
SQUARE FEET: 5,974

3161 S.E. 22ND ST., DES MOINES
SALE DATE: DEC. 30, 2020
SALE PRICE: $227,500
SELLER: QUECK CAPITAL MANAGEMENT
BUYER: ACC HOLDING LLC
ACRES: 0.671
SQUARE FEET: 1,872

2544 HUBBELL AVE., DES MOINES
SALE DATE: DEC. 30, 2020
SALE PRICE: $1,200,000
SELLER: PENTA PARTNERS LLC
BUYER: DRB LAND 1, LLC
ACRES: 3.325
SQUARE FEET: 15,983 ♦

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