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Commercial Real Estate Transactions

Commercial Real Estate Transactions

5/5/2021

COMMERCIAL 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

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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

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