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Commercial Real Estate Transactions

Commercial Real Estate Transactions

3/31/2021

COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY FROM FEB., 1 2021, THROUGH MARCH 10, 2021.

ADDRESS: 1501 OFFICE PARK ROAD, WEST DES MOINES
SALE DATE: FEB. 01, 2021
SALE PRICE: $3,990,000
SELLER: FOUNTAIN HEALTH CENTERS INC.
BUYER: OFFICE PARK REALTY LLC
SQUARE FEET: 78,374
ACRES: 7.125

ADDRESS: 1074 31ST ST., DES MOINES
SALE DATE: FEB. 02, 2021
SALE PRICE: $261,900
SELLER: H. LECHUGA PROPERTIES LLC
BUYER: INVEST DSM INC.
SQUARE FEET: 3,112
ACRES: 0.344

ADDRESS: 101 RHOTEN AVE., RUNNELLS
SALE DATE: FEB. 03, 2021
SALE PRICE: $430,800
SELLER: BLACK, CHRISTOPHER J.
BUYER: 101 RHOTEN, LLC
SQUARE FEET: 6,468
ACRES: 1.05

ADDRESS: 8165 UNIVERSITY BLVD., CLIVE
SALE DATE: FEB. 03, 2021
SALE PRICE: $949,000
SELLER: REGAL SUPPLY COMPANY INC.
BUYER: DOUBLE R. RANCH LC
SQUARE FEET: 12,196
ACRES: 1.129

Prep Iowa

ADDRESS: 130 N.E. GEORGETOWN BLVD., ANKENY
SALE DATE: FEB. 04, 2021
SALE PRICE: $2,853,930
SELLER: JNM DEVELOPMENT HOLDINGS LLC
BUYER: KAE, LLC
SQUARE FEET: 12,098
ACRES: 2.504

ADDRESS: SOUTH OF COTTAGE DRIVE, PLEASANT HILL
SALE DATE: FEB. 05, 2021
SALE PRICE: $20,000
SELLER: THE WOODS OF PLEASANT HILL LLC
BUYER: THOMPSON, RUSTY D.
SQUARE FEET: 0
ACRES: 3.505

ADDRESS: 2221 E. EUCLID AVE., DES MOINES
SALE DATE: FEB. 07, 2021
SALE PRICE: $650,000
SELLER: QUIK TRIP CORP
BUYER: FIREWORKS LEASING, LLC
SQUARE FEET: 4,356
ACRES: 1.615

ADDRESS: 1320 E. 25TH ST., DES MOINES
SALE DATE: FEB. 09, 2021
SALE PRICE: $125,000
SELLER: SOUTH STORY BANK & TRUST
BUYER: SHOP N SAVE NEWTON, LLC
SQUARE FEET: 2,816
ACRES: 0.23

ADDRESS: 2000 S.E. 44TH COURT, GRIMES
SALE DATE: FEB. 09, 2021
SALE PRICE: $170,000
SELLER: EA SWEEN COMPANY
BUYER: DURACHEM, LLC
SQUARE FEET: 1,392
ACRES: 1.08

ADDRESS: 2750 N.W. 36TH ST., ANKENY
SALE DATE: FEB. 11, 2021
SALE PRICE: $454,330
SELLER: ROCK CREEK COMMERCIAL LLC
BUYER: MURPHY COMMERCIAL PROPERTIES LLC
SQUARE FEET: 0
ACRES: 2.464

ADDRESS: 8650 N.W. 62ND AVE., JOHNSTON
SALE DATE: FEB. 11, 2021
SALE PRICE: $4,050,000
SELLER: HURD CRESCENT LLC
BUYER: COMPOUNDING CAPITAL HOLDINGS LLC-SERIES B
SQUARE FEET: 12,388
ACRES: 1.535

ADDRESS: 2804 BRATTLEBORO AVE., DES MOINES
SALE DATE: FEB. 12, 2021
SALE PRICE: $143,000
SELLER: HOPPENWORTH, ABBY M.
BUYER: YOUNG, MATTHEW G.
SQUARE FEET: 2,358
ACRES: 0.152

ADDRESS: 302 S. SECOND ST., POLK CITY
SALE DATE: FEB. 12, 2021
SALE PRICE: $375,000
SELLER: HS RENTAL LLC
BUYER: ACG PROPERTIES LLC
SQUARE FEET: 4,494
ACRES: 0.793


SOLD!… FORMER HOME OF FARRELL’S ON ASHWORTH IN WDM
This space used to house a Farrell’s facility. Before that, it was home to the Iowa State Skin Diving Schools. What will it be next? Time will tell.

ADDRESS: 5954 ASHWORTH ROAD, UNIT 2, WEST DES MOINES
SALE DATE: FEB. 12, 2021
SALE PRICE: $567,000
SELLER: TEI LLC
BUYER: 5954 ASHWORTH INVESTMENTS LLC
SQUARE FEET: 3,885
ACRES: 0.374


ADDRESS: 1506 GARFIELD ST. S.W., BONDURANT
SALE DATE: FEB. 16, 2021
SALE PRICE: $575,000
SELLER: SWIFT PROPERTIES LLC
BUYER: TKRG HOLDINGS LLC
SQUARE FEET: 5,000
ACRES: 3.18

ADDRESS: 17 MAIN ST. S.E., BONDURANT
SALE DATE: FEB. 16, 2021
SALE PRICE: $175,000
SELLER: DNG PROPERTIES LLC
BUYER: BAD FRIEND LLC
SQUARE FEET: 2,145
ACRES: 0.106

ADDRESS: 5250 DAKOTA, WEST DES MOINES
SALE DATE: FEB. 16, 2021
SALE PRICE: $665,000
SELLER: TRIPLE A. COMPANY LC
BUYER: 5250 DAKOTA LLC
SQUARE FEET: 7,680
ACRES: 0.523

ADDRESS: 1920 S.E. 15TH ST., DES MOINES
SALE DATE: FEB. 17, 2021
SALE PRICE: $30,000
SELLER: KARAMANLIS, JOHN
BUYER: MANKO HOLDINGS LLC
SQUARE FEET: 0
ACRES: 0.296

ADDRESS: 1250 S.W. STATE ST., ANKENY
SALE DATE: FEB. 17, 2021
SALE PRICE: $4,300,000
SELLER: ONE SOURCE SERVICES LLC
BUYER: SH INVESTMENT PROPERTIES, LLC
SQUARE FEET: 26,136
ACRES: 4.202

ADDRESS: 1623 E. EUCLID AVE., DES MOINES
SALE DATE: FEB. 19, 2021
SALE PRICE: $1,968,450
SELLER: 1614 E. EUCLID AVE. LLC
BUYER: HA 1031 LLC
SQUARE FEET: 46,973
ACRES: 4.796

ADDRESS: 1825 NINTH ST., DES MOINES
SALE DATE: FEB. 22, 2021
SALE PRICE: $13,000
SELLER: RM MADDEN CONSTRUCTION INC.
BUYER: HOME OPPORTUNITIES MADE EASY, INC.
SQUARE FEET: 0
ACRES: 0.153

ADDRESS: 7500 S.W. 22ND ST., DES MOINES
SALE DATE: FEB. 22, 2021
SALE PRICE: $222,000
SELLER: FLEUR PROPERTIES LC
BUYER: WIES-DOIS DEVELOPMENT, LLC
SQUARE FEET: 0
ACRES: 2.636

ADDRESS: 1570 11TH AVE. N.E., ALTOONA
SALE DATE: FEB. 22, 2021
SALE PRICE: $1,519,020
SELLER: FRANZEN-ALTOONA-I80 PARTNERSHIP
BUYER: LINEAGE LOGISTICS, LLC
SQUARE FEET: 0
ACRES: 8.718

ADDRESS: 59 CLARK ST., DES MOINES
SALE DATE: FEB. 23, 2021
SALE PRICE: $189,900
SELLER: ORLONDO’S LLC
BUYER: ALL MIGHTY MOVERS LLC
SQUARE FEET: 2,000
ACRES: 0.298

ADDRESS: 1513 DES MOINES ST., DES MOINES
SALE DATE: FEB. 24, 2021
SALE PRICE: $179,900
SELLER: CREATIVE CRONOS LLC
BUYER: CHANG, WEIYU
SQUARE FEET: 2,806
ACRES: 0.172

ADDRESS: 1920 S.E. 15TH ST., DES MOINES
SALE DATE: FEB. 25, 2021
SALE PRICE: $30,000
SELLER: WOLFE, EVERETT
BUYER: MANKO HOLDINGS, LLC
SQUARE FEET: 0
ACRES: 0.148

ADDRESS: 4041 URBANDALE AVE., DES MOINES
SALE DATE: FEB. 25, 2021
SALE PRICE: $888,000
SELLER: VISTA REAL ESTATE & INVESTMENT CORP.
BUYER: MARIGNY, LLC
SQUARE FEET: 5,044
ACRES: 0.344

ADDRESS: 10303 N.W. 62ND AVE., JOHNSTON
SALE DATE: FEB. 25, 2021
SALE PRICE: $360,830
SELLER: TUT GROUP LLC
BUYER: EXPERTIESE INVESTMENTS, LLC
SQUARE FEET: 0
ACRES: 2.301

ADDRESS: 4131 E. 14TH ST., DES MOINES
SALE DATE: FEB. 26, 2021
SALE PRICE: $1,000,000
SELLER: IMPERIAL PROPERTIES INC.
BUYER: MCKEE AUTO CENTER, INC.
SQUARE FEET: 18,316
ACRES: 2.355

ADDRESS: 5229 MERLE HAY ROAD, JOHNSTON
SALE DATE: FEB. 26, 2021
SALE PRICE: $600,000
SELLER: 5229 LLC
BUYER: 5229 PARTNERS, LLC
SQUARE FEET: 988
ACRES: 0.84

ADDRESS: 5194 N.E. 16TH ST., DES MOINES
SALE DATE: FEB. 26, 2021
SALE PRICE: $812,740
SELLER: HEINSON ENTRPRISE I LLC
BUYER: BBRE, LLP
SQUARE FEET: 24,360
ACRES: 1.133

ADDRESS: 12951 UNIVERSITY AVE., CLIVE
SALE DATE: FEB. 26, 2021
SALE PRICE: $2,125,000
SELLER: GRAPNEL PROPERTIES LLC
BUYER: SILVERADO FARMS, LLC
SQUARE FEET: 16,468
ACRES: 0.778

ADDRESS: 118 11TH ST., WEST DES MOINES
SALE DATE: FEB. 26, 2021
SALE PRICE: $30,000
SELLER: ELQUEST, JANET
BUYER: SIMPCO PROPERTIES, LLC
SQUARE FEET: 1,400
ACRES: 0.166


SOLD!… THE FORMER PRAIRIE LIFE FITNESS BUILDING
The home of the giant West Des Moines workout facility sold on Feb. 26 for $5.8 million, according to Polk County Assessor records. Genesis Health Clubs is the building’s current occupant.

ADDRESS: 4875 MILLS CIVIC PARKWAY, WEST DES MOINES
SALE DATE: FEB. 26, 2021
SALE PRICE: $5,872,180
SELLER: STORE MASTER FUNDING XIII LLC
BUYER: GENESIS HEALTH CLUBS MILLS CIVIC LLC
SQUARE FEET: 63,777
ACRES: 7.784


ADDRESS: 210 S. PRAIRIE VIEW DRIVE, WEST DES MOINES
SALE DATE: FEB. 26, 2021
SALE PRICE: $28,600,000
SELLER: SM SIGNATURE PLACE LLC
BUYER: VA7 JORDAN CREEK LLC
SQUARE FEET: 243,217
ACRES: 16.313

ADDRESS: 3408 101ST ST., URBANDALE
SALE DATE: MARCH 1, 2021
SALE PRICE: $1,900,000
SELLER: MOUROT, RANDALL G.
BUYER: FLEETPARK 101 IA, LLC
SQUARE FEET: 13,014
ACRES: 4.99

ADDRESS: 3102 COTTAGE GROVE AVE., DES MOINES
SALE DATE: MARCH 2, 2021
SALE PRICE: $238,100
SELLER: H. LECHUGA PROPERTIES LLC
BUYER: INVEST DSM, INC.
SQUARE FEET: 4,199
ACRES: 0.388

ADDRESS: 909 N. THIRD ST., POLK CITY
SALE DATE: MARCH 2, 2021
SALE PRICE: $45,000
SELLER: BRUCE A. BOLAND TRUST
BUYER: DYOWA, LLC
SQUARE FEET: 0
ACRES: 1.563

ADDRESS: 115 E. VISTA LAKE AVE., POLK CITY
SALE DATE: MARCH 2, 2021
SALE PRICE: $634,200
SELLER: BOLAND, BRUCE A.
BUYER: DYOWA LLC
SQUARE FEET: 3,200
ACRES: 2.348

ADDRESS: 1720 FULLER ROAD, WEST DES MOINES
SALE DATE: MARCH 2, 2021
SALE PRICE: $3,990,000
SELLER: BELL AVENUE PROPERTIES INC
BUYER: BARKLEY GROUP, LLC
SQUARE FEET: 57,620
ACRES: 4.865

ADDRESS: 3621 MERLE HAY ROAD, DES MOINES
SALE DATE: MARCH 3, 2021
SALE PRICE: $1,700,000
SELLER: 4 G PROPERTIES II LLC
BUYER: JPMORGAN CHASE BANK, NA
SQUARE FEET: 3,414
ACRES: 1.135

ADDRESS: 4000 S.W. NINTH ST., DES MOINES
SALE DATE: MARCH 4, 2021
SALE PRICE: $450,000
SELLER: SCHAEFER, CHARLES C.
BUYER: KINGDOM LIVING IOWA
SQUARE FEET: 9,302
ACRES: 0.684

ADDRESS: 210 S. ANKENY BLVD., ANKENY
SALE DATE: MARCH 4, 2021
SALE PRICE: $900,000
SELLER: MJ & SON’S INC.
BUYER: KB HOLDING, LLC
SQUARE FEET: 10,210
ACRES: 0.735

ADDRESS: 206 VAN DORN ST., POLK CITY
SALE DATE: MARCH 5, 2021
SALE PRICE: $315,000
SELLER: WHITE CALF LLC
BUYER: K VENTURES, LLC
SQUARE FEET: 4,320
ACRES: 0.112

ADDRESS: 2400 S.E. EIGHTH ST., DES MOINES
SALE DATE: MARCH 8, 2021
SALE PRICE: $130,000
SELLER: NGUYEN, ROBERT
BUYER: TRITON PROPERTIES, LLC
SQUARE FEET: 2,140
ACRES: 0.128

ADDRESS: 614 DOUGLAS AVE., DES MOINES
SALE DATE: MARCH 8, 2021
SALE PRICE: $165,000
SELLER: OPEN DOOR PROPERTIES IA LLC
BUYER: D. CLAIRE PROPERTIES, LLC
SQUARE FEET: 2,354
ACRES: 0.153

ADDRESS: 5800 S.E. DELAWARE AVE., ANKENY
SALE DATE: MARCH 8, 2021
SALE PRICE: $27,868,990
SELLER: RYAN COMPANIES US INC.
BUYER: DEERE & COMPANY
SQUARE FEET: 0
ACRES: 35.338


SOLD!… FOR $42 MILLION…
This newly constructed downtown parking garage is part of the struggling development project known as “The Fifth.” Plans for a proposed 40-story skyscraper are in limbo.

ADDRESS: 235 FIFTH AVE., DES MOINES
SALE DATE: MARCH 9, 2021
SALE PRICE: $41,958,230
SELLER: CHRISTENSEN DEVELOPMENT 1, LLC
BUYER: CITY OF DES MOINES
SQUARE FEET: 292,479
ACRES: 0.687


ADDRESS: 3304 CRESCENT DRIVE, DES MOINES
SALE DATE: MARCH 9, 2021
SALE PRICE: $200,000
SELLER: SWCMJC LLC
BUYER: LEHS, KENT
SQUARE FEET: 1,824
ACRES: 0.167

ADDRESS: 5197 N.E. 15TH ST., DES MOINES
SALE DATE: MARCH 9, 2021
SALE PRICE: $975,000
SELLER: ALLIED OIL & SUPPLY INC
BUYER: BBRE, LLP
SQUARE FEET: 23,600
ACRES: 2.17


SOLD!… HOME OF HIGHLAND PARK COUNTRY CLUB
Highland Park’s commercial district has seen many upgrades recently, and renovations are also expected at this building — home to Highland Park C.C. — as well.

ADDRESS: 3523 SIXTH AVE., DES MOINES
SALE DATE: MARCH 10, 2021
SALE PRICE: $372,840
SELLER: MARILYN H STEINBACH TRUST
BUYER: 3523 6TH AVE., LLC
SQUARE FEET: 8,870
ACRES: 0.328


ADDRESS: 3524 SIXTH AVE., DES MOINES
SALE DATE: MARCH 10, 2021
SALE PRICE: $320,000
SELLER: FRANK STEINBACH JR REVOCABLE TRUST
BUYER: 3524 6TH AVE., LLC
SQUARE FEET: 11,985
ACRES: 0.273 ♦

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