Commercial Real Estate Transactions
5/5/2021COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY FROM MARCH 9, 2021, THROUGH MARCH 23, 2021.
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
ADDRESS: 8951 WINDSOR PARKWAY, JOHNSTON
SALE DATE: MARCH 10, 2021
SALE PRICE: $239,880
SELLER: WINDSOR OFFICE PARK LLC
BUYER: 7G DEVELOPMENT, LLC
SQUARE FEET: 0
ACRES: 1.394
ADDRESS: 1125 DOUGLAS AVE., DES MOINES
SALE DATE: MARCH 10, 2021
SALE PRICE: $166,000
SELLER: KOPP, MARK A.
BUYER: VALENCIA PROPERTIES, INC.
SQUARE FEET: 2,395
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
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: 612 EUCLID AVE., DES MOINES
SALE DATE: MARCH 10, 2021
SALE PRICE: $58,360
SELLER: FRANK STEINBACH JR. REVOCABLE TRUST
BUYER: 612 EUCLID AVE, LLC
SQUARE FEET: 1,816
ACRES: 0.182
ADDRESS: 2701 MCKINLEY AVE., DES MOINES
SALE DATE: MARCH 10, 2021
SALE PRICE: $2,240,000
SELLER: 2701 MCKINLEY LLC
BUYER: BARKER FINANCIAL, LLC
SQUARE FEET: 23,378
ACRES: 3.738
ADDRESS: 7310 S.E. CROSSWINDS DRIVE, ANKENY
SALE DATE: MARCH 10, 2021
SALE PRICE: $2,173,970
SELLER: CROSSWINDS BUSINESS PARK LLC
BUYER: CROSSWINDS BUSINESS PARK BUILDING I LLC
SQUARE FEET: 136,900
ACRES: 10.511
ADDRESS: 2535 106TH ST., URBANDALE
SALE DATE: MARCH 11, 2021
SALE PRICE: $785,000
SELLER: CHAPMAN, KATHLEEN M.
BUYER: ROUSH GROUP PROPERTIES, LLC
SQUARE FEET: 6,000
ACRES: 1.01
ADDRESS: 1913 W. FIRST ST., ANKENY
SALE DATE: MARCH 11, 2021
SALE PRICE: $1,216,000
SELLER: LAMAR VALLEY LLC
BUYER: FFR ANKENY 1, LLC
SQUARE FEET: 18,556
ACRES: 1.262
ADDRESS: 6108 N.W. 59TH COURT, JOHNSTON
SALE DATE: MARCH 11, 2021
SALE PRICE: $655,000
SELLER: J C ACQUISTIONS LLC
BUYER: MF REAL ESTATE HOLDINGS, LLC
SQUARE FEET: 2,703
ACRES: 0.741
SOLD!… CORNERHOUSE GYMNASTICS BUILDING ON DOUGLAS IN URBANDALE
“Corner House Dance Studio & Gym Club” is the occupant listed on Polk County Assessor records, but the sign on the side of the building reads “Cornerhouse Gymnastics.” The property sitting directly across Douglas from House of Hunan sold on March 12 for $695,000. Old-timers might recall that this spot once housed Blackford Shoe Repair and Geysa’s Tailors.
ADDRESS: 6823 DOUGLAS AVE., URBANDALE
SALE DATE: MARCH 12, 2021
SALE PRICE: $695,000
SELLER: JORGENSEN, JEFFREY L.
BUYER: FOURSITE DEVELOPMENT LLC
SQUARE FEET: 12,077
ACRES: 0.816
ADDRESS: 3002 KINGMAN BLVD., DES MOINES
SALE DATE: MARCH 12, 2021
SALE PRICE: $380,000
SELLER: HAVILAND RENTALS LC
BUYER: SUSANIN, SAMUEL EDWARD
SQUARE FEET: 4,988
ACRES: 0.574
ADDRESS: 4821 S.W. NINTH ST., DES MOINES
SALE DATE: MARCH 15, 2021
SALE PRICE: $599,000
SELLER: KNAPP ENTERPRISES
BUYER: SIMPLIFY IOWA, LLC
SQUARE FEET: 5,944
ACRES: 1.388
ADDRESS: 855 17TH ST., DES MOINES
SALE DATE: MARCH 15, 2021
SALE PRICE: $295,000
SELLER: PIERCE, BRUCE L
BUYER: IOWA-MINNESOTA DIST. OF THE WESLEYAN CHURCH, INC
SQUARE FEET: 3,520
ACRES: 0.212
SOLD!… PUBLISHING COMPANY SELLS 10 ACRES IN CLIVE ON ST. PATRICK’S DAY
Barker Financial of Iowa City bought the 50,000-plus square feet of prime real estate along Hickman Road for $4.35 million. The Woodsmith Store is listed as the building’s occupant by Polk County Assessor records. August Home Publishing is the maker of several “at home” magazines, including Woodsmith, Garden Gate and Cuisine. Local old-timers might remember that at one time, the property was home to a Payless Cashways.
ADDRESS: 10320 HICKMAN ROAD, CLIVE
SALE DATE: MARCH 17, 2021
SALE PRICE: $4,350,000
SELLER: AUGUST HOME PUBLISHING COMPANY
BUYER: BARKER FINANCIAL LLC
SQUARE FEET: 50,174
ACRES: 10
ADDRESS: 1163 24TH ST., DES MOINES
SALE DATE: MARCH 18, 2021
SALE PRICE: $400,000
SELLER: J & M INVESTMENTS
BUYER: HARVEY PARKS PROPERTIES, LLC
SQUARE FEET: 4,728
ACRES: 0.22
ADDRESS: 6300 MERLE HAY ROAD, JOHNSTON
SALE DATE: MARCH 19, 2021
SALE PRICE: $26,000,000
SELLER: CADENCE APARTMENTS LLC
BUYER: CADENCE JOHNSTON OWNER, LLC
SQUARE FEET: 270,749
ACRES: 8.276
ADDRESS: 2303 CARPENTER AVE., DES MOINES
SALE DATE: MARCH 19, 2021
SALE PRICE: $215,000
SELLER: I’M HOME LLC
BUYER: DOBSON, KEEGAN
SQUARE FEET: 2,734
ACRES: 0.151
SOLD!… AIRPORT DEVELOPMENT LC SELLS MORE THAN TWO DOZEN ACRES FOR $2.6 MILLION
Scharnberg Real Estate LLC bought nearly 27 acres of mostly unimproved south-side land situated just north of Echo Valley Country Club and south of the Des Moines International Airport. Per Polk County Assessor records, the sale price was upwards of $2.6 million.
ADDRESS: 3005 GANNETT AVE., DES MOINES
SALE DATE: MARCH 22, 2021
SALE PRICE: $2,613,930
SELLER: AIRPORT DEVELOPMENT LC
BUYER: SCHARNBERG REAL ESTATE LLC
SQUARE FEET: 0
ACRES: 26.669
ADDRESS: 1425 METRO EAST DRIVE, UNIT 104, PLEASANT HILL
SALE DATE: MARCH 22, 2021
SALE PRICE: $190,000
SELLER: BARKER FINANCIAL LLC
BUYER: RAILWAY 317 LLC
SQUARE FEET: 2,500
ACRES: 0.24
ADDRESS: 2832 BRATTLEBORO AVE., DES MOINES
SALE DATE: MARCH 22, 2021
SALE PRICE: $140,000
SELLER: KOSHY HOLDINGS LLC
BUYER: TEN 91 LLC
SQUARE FEET: 2,502
ACRES: 0.182
ADDRESS: 1020 25TH ST., DES MOINES
SALE DATE: MARCH 22, 2021
SALE PRICE: $210,000
SELLER: KOSHY HOLDINGS LLC
BUYER: TEN 91 LLC
SQUARE FEET: 3,985
ACRES: 0.176
ADDRESS: 3721 GRAND AVE., DES MOINES
SALE DATE: MARCH 23, 2021
SALE PRICE: $4,037,000
SELLER: ARBOR COOPERATIVE HOUSING ASSOC.
BUYER: 3801 GRAND ASSOCIATES, L.P.
SQUARE FEET: 44,948
ACRES: 2.398
SOLD!… EL RODEO BUILDING ON EAST EUCLID
As of March 23, 98 Investments LLC sold the east-side property for $800,000 to GRP1031 LLC. This 4,400-square-foot building is situated on 1.22 acres and formerly housed one of the city’s most popular Mexican restaurants.
ADDRESS: 1234 E. EUCLID AVE., DES MOINES
SALE DATE: MARCH 23, 2021
SALE PRICE: $800,000
SELLER: 98 INVESTMENTS LLC
BUYER: GRP1031 LLC
SQUARE FEET: 4,400
ACRES: 1.22