Commercial Real Estate Transactions

8/4/2021

COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY FROM MAY 28, 2021, THROUGH JUNE 22, 2021.

ADDRESS: 2216 E. 14TH ST., DES MOINES

SALE DATE: MAY 28, 2021
SALE PRICE: $520,000
SELLER: FRIES PROPERTIES LLC
BUYER: TWO AMIGOS AUTO SALES INC.
SQUARE FEET: 2,440
ACRES: 0.55

ADDRESS: 1536 SECOND AVE., DES MOINES

SALE DATE: MAY 28, 2021
SALE PRICE: $325,000
SELLER: MIDWESTONE BANK
BUYER: LAURIDSEN, WALTER
SQUARE FEET: 6,402
ACRES: 0.449

ADDRESS: 1151 MARTIN LUTHER KING JR. PARKWAY, DES MOINES

SALE DATE: MAY 29, 2021
SALE PRICE: $190,000
SELLER: FORTNITE HOLDINGS LLC
BUYER: PERRY, ALEXANDRA
SQUARE FEET: 2,247
ACRES: 0.145

ADDRESS: 1617 S. ANKENY BLVD., ANKENY

SALE DATE: MAY 31, 2021
SALE PRICE: $300,000
SELLER: HANDLEY, LARRY J.
BUYER: FOR THE KIDS VII LLC
SQUARE FEET: 6,210
ACRES: 1.491

ADDRESS: 6355 N.E. 14TH ST., DES MOINES

SALE DATE: JUNE 1, 2021
SALE PRICE: $4,500,000
SELLER: ABK RENTALS LLC
BUYER: KLINE ELECTRIC INC.
SQUARE FEET: 51,520
ACRES: 5.888

ADDRESS: 5750 N.W. BEAVER DRIVE, UNIT 1, JOHNSTON

SALE DATE: JUNE 1, 2021
SALE PRICE: $2,500,000
SELLER: AMT PROPERTY HOLDINGS LLC
BUYER: IPE1031 REV379 LLC
SQUARE FEET: 22,570
ACRES: 2.535

ADDRESS: 1125 21ST ST., DES MOINES

SALE DATE: JUNE 1, 2021
SALE PRICE: $192,000
SELLER: OPEN DOOR PROPERTIES IA LLC
BUYER: KW PROPERTIES LLC
SQUARE FEET: 3,169
ACRES: 0.244

ADDRESS: 6046 N.E. INDUSTRY DRIVE, DES MOINES

SALE DATE: JUNE 1, 2021
SALE PRICE: $16,550,020
SELLER: TRANSCREDIT LC
BUYER: ELIDAN LLC
SQUARE FEET: 248,400
ACRES: 15.861

ADDRESS: 1348 E. EUCLID AVE., DES MOINES

SALE DATE: JUNE 1, 2021
SALE PRICE: $1,635,000
SELLER: MEIER FAMILY LLC
BUYER: 148 E. EUCLID AVE.
SQUARE FEET: 28,597
ACRES: 2.477

ADDRESS: 1318 23RD ST., DES MOINES

SALE DATE: JUNE 1, 2021
SALE PRICE: $142,500
SELLER: OPEN DOOR PROPERTIES IA LLC
BUYER: CHAMBERS, NATHAN D.
SQUARE FEET: 2,122
ACRES: 0.198

ADDRESS: 145 ARTHUR AVE., DES MOINES

SALE DATE: JUNE 1, 2021
SALE PRICE: $220,000
SELLER: TRADITION HOME BUILDERS LLC
BUYER: JR&G CABLE UNDERGROUND LLC
SQUARE FEET: 3,000
ACRES: 0.165

ADDRESS: 3600 MERLE HAY ROAD, DES MOINES

SALE DATE: JUNE 2, 2021
SALE PRICE: $1,255,000
SELLER: MICROMONT HOLDINGS 6 LLC
BUYER: IMPERIAL DES MOINES LLC
SQUARE FEET: 3,562
ACRES: 0.791

SOLD!…. ROYAL OAKS APARTMENT COMPLEX

The 11-acres of real estate containing the Royal Oaks apartment complex at 2400 Hickman Road in Des Moines sold June 2. Hickman Partners LLC bought the 200-plus-units from Royal Oaks DSM LLC for $8.7 million and change.

ADDRESS: 2400 HICKMAN ROAD, DES MOINES

SALE DATE: JUNE 2, 2021
SALE PRICE: $8,729,000
SELLER: ROYAL OAKS DSM LLC
BUYER: HICKMAN PARTNERS LLC
SQUARE FEET: 149,519
ACRES: 11.088

ADDRESS: 1114 S.E. BELMONT DRIVE, ANKENY

SALE DATE: JUNE 2, 2021
SALE PRICE: $3,740,000
SELLER: REILAND RENTALS LLC
BUYER: ANKENY 8 LLC
SQUARE FEET: 49,600
ACRES: 3.581

ADDRESS: 12129 UNIVERSITY AVE., CLIVE

SALE DATE: JUNE 3, 2021
SALE PRICE: $8,850,000
SELLER: UCI HOLDINGS LLC
BUYER: MD4 CLIVE LLC
SQUARE FEET: 22,305
ACRES: 1.739

ADDRESS: N.W. IRVINEDALE DRIVE AND N.W. 36TH STREET, ANKENY

SALE DATE: JUNE 3, 2021
SALE PRICE: $2,015,510
SELLER: FIVE STAR DEVELOPMENT NO IV LLC
BUYER: MIKKELSEN, SCOTT D.
SQUARE FEET: 0
ACRES: 8.934

ADDRESS: 1831 S.E. PRINCETON DRIVE, GRIMES

SALE DATE: JUNE 3, 2021
SALE PRICE: $275,000
SELLER: NEWARK LAND TRUST LC
BUYER: SIMPSON, MIKE
SQUARE FEET: 0
ACRES: 2.122

ADDRESS: 6931 DOUGLAS AVE., URBANDALE

SALE DATE: JUNE 3, 2021
SALE PRICE: $940,000
SELLER: CLAIBORNE, CARY C.
BUYER: URBANDALE CENTER LLC
SQUARE FEET: 9,000
ACRES: 1.102

ADDRESS: 6657 DOUGLAS AVE., URBANDALE

SALE DATE: JUNE 3, 2021
SALE PRICE: $70,000
SELLER: GREENFIELD ENVIROMENTAL MULTI TRUST LLC (TRUSTEE)
BUYER: STANBROUGH COMPANIES, LLC
SQUARE FEET: 0
ACRES: 0.477

ADDRESS: 310 N.W. CHAPEL DRIVE, ANKENY

SALE DATE: JUNE 4, 2021
SALE PRICE: $4,860,000
SELLER: STATE STREET 206 COOPERATIVE INC.
BUYER: SPG INC.
SQUARE FEET: 50,226
ACRES: 2.88

SOLD!…. PRIME SPOT IN WEST DES MOINES

The .874-acres of land at 1570 22nd St. in West Des Moines sold on June 4 to Food LLC for $2.575 million. Westowne Center Associates LLC is listed as the seller. This is the real estate between Greater Iowa Credit Union and McDonald’s.

ADDRESS: 1570 22ND ST., WEST DES MOINES

SALE DATE: JUNE 4, 2021
SALE PRICE: $2,575,000
SELLER: WESTOWNE CENTER ASSOCIATES LLC
BUYER: FOOD, LLC
SQUARE FEET: 0
ACRES: 0.874

ADDRESS: 2005 S.E. SIXTH ST., DES MOINES

SALE DATE: JUNE 4, 2021
SALE PRICE: $150,000
SELLER: ROTH & SONS SERVICES LC
BUYER: A&J’S PROPERTIES LLC
SQUARE FEET: 1,812
ACRES: 0.123

SOLD!…. ABELARDO’S BUILDING

The Ingersoll Avenue building that houses Abelardo’s Mexican Food, at 2500 and 2510 Ingersoll Ave. in Des Moines, recently sold to Woodsonia Acquisitions, LLC for $1 million. Noah and Sara Ann Lacona Revocable Trust is listed as the seller. Plans for a new Starbucks have been put in motion for the 3,873-square-foot building that sits on nearly 1 acre.

ADDRESS: 2510 INGERSOLL AVE., DES MOINES

SALE DATE: JUNE 4, 2021
SALE PRICE: $1,000,000
SELLER: NOAH L & SARA ANN LACONA REVOCABLE TRUST
BUYER: WOODSONIA ACQUISITIONS, LLC
SQUARE FEET: 3,873
ACRES: 0.939

ADDRESS: E. BROADWAY AND SUMMER STREETS, POLK CITY

SALE DATE: JUNE 7, 2021
SALE PRICE: $47,500
SELLER: SIMMER, DERLE G. ESTATE
BUYER: FIRST CHOICE RENOVATIONS, LLC
SQUARE FEET: 720
ACRES: 0.2

ADDRESS: 617 SCOTT AVE., DES MOINES

SALE DATE: JUNE 7, 2021
SALE PRICE: $175,000
SELLER: GLADFELDER, REBECCA LYNN
BUYER: OCHOA, LUIS E.
SQUARE FEET: 5,732
ACRES: 0.386

ADDRESS: 206 S.E. DELAWARE AVE., ANKENY

SALE DATE: JUNE 9, 2021
SALE PRICE: $940,000
SELLER: CSB ASSETS LLC
BUYER: ANKENY HOTELS IA LLC
SQUARE FEET: 22,880
ACRES: 1.705

ADDRESS: 2508 DEAN AVE., DES MOINES

SALE DATE: JUNE 9, 2021
SALE PRICE: $190,000
SELLER: RENSLOW, DOUGLAS W. JR.
BUYER: HOLT
SALES & SERVICE LLC
SQUARE FEET: 4,448
ACRES: 0.464

ADDRESS: 1955 S.E. OAK DRIVE, ANKENY

SALE DATE: JUNE 9, 2021
SALE PRICE: $469,930
SELLER: TWIN OAKS-OAK DRIVE LLC
BUYER: CHARIS ENTERPRISES LLC
SQUARE FEET: 0
ACRES: 2.697

ADDRESS: 3901 INGERSOLL AVE., DES MOINES

SALE DATE: JUNE 9, 2021
SALE PRICE: $950,000
SELLER: BROWN OFFICE LLC
BUYER: 3901 INGERSOLL LLC
SQUARE FEET: 4,480
ACRES: 0.756

ADDRESS: 1200 S.E. 25TH ST., GRIMES

SALE DATE: JUNE 9, 2021
SALE PRICE: $802,440
SELLER: M-KEDS LTD II
BUYER: SP IOWA PROPERTIES LLC
SQUARE FEET: 0
ACRES: 4.386

ADDRESS: 222 N.W. COLLEGE AVE., ANKENY

SALE DATE: JUNE 10, 2021
SALE PRICE: $390,000
SELLER: 222 N.W. COLLEGE RESIDENTIAL COOP
BUYER: STANBROUGH RESIDENTIAL LLC
SQUARE FEET: 4,416
ACRES: 0.482

ADDRESS: 630 HILLSIDE AVE., DES MOINES

SALE DATE: JUNE 10, 2021
SALE PRICE: $572,500
SELLER: DSM HOUSING LLC
BUYER: E&M PROPERTIES LLC
SQUARE FEET: 5,260
ACRES: 0.746

ADDRESS: 1408 31ST ST., DES MOINES

SALE DATE: JUNE 11, 2021
SALE PRICE: $550,350
SELLER: GRAZIANO JR, CHARLES D.
BUYER: NEIGHBORHOOD DEVELOPMENT CORPORATION
SQUARE FEET: 6,240
ACRES: 0.41

ADDRESS: 2915 COTTAGE GROVE AVE., DES MOINES

SALE DATE: JUNE 11, 2021
SALE PRICE: $211,000
SELLER: DUNCAN, DAVID
BUYER: CHESNUT, COLLIN WALLACE
SQUARE FEET: 2,838
ACRES: 0.183

ADDRESS: 3708 S.E. 14TH ST., DES MOINES

SALE DATE: JUNE 11, 2021
SALE PRICE: $5,430,000
SELLER: SOUTHERN KNOLLS LLC
BUYER: VARECO 3708 S.E. 14TH LLC
SQUARE FEET: 82,863
ACRES: 6.403

SOLD!…. VALLEY JUNCTION BUILDING AT 413 FIFTH STREET

The West Des Moines building at 413 Fifth Street sold to WB Holdings LLC for $475,000 on June 14.

ADDRESS: 413 FIFTH ST., WEST DES MOINES

SALE DATE: JUNE 14, 2021
SALE PRICE: $475,000
SELLER: JRC INVESTMENTS LLC
BUYER: WB HOLDINGS LLC
SQUARE FEET: 6,830
ACRES: 0.2

ADDRESS: 5480 N.W. BEAVER DRIVE, JOHNSTON

SALE DATE: JUNE 14, 2021
SALE PRICE: $1,350,000
SELLER: MARINA DEVELOPMENT LLC
BUYER: FRANKLIN REAL ESTATE LLC
SQUARE FEET: 18,975
ACRES: 1.566

SOLD!…. BOB BROWN BUILDING ON MERLE HAY

A former Bob Brown Chevrolet location (1967-2012), which transitioned to a Bob Brown used vehicle sales location has been sold. RGBA LC paid just more than $3 million for the 7-acre property at 4224 Merle Hay Road in Urbandale. The sale date is listed as June 14, according to Polk County records.

ADDRESS: 4224 MERLE HAY ROAD, DES MOINES

SALE DATE: JUNE 14, 2021
SALE PRICE: $3,034,210
SELLER: DLE SEVEN LLC
BUYER: RGBA LC
SQUARE FEET: 74,936
ACRES: 7.028

ADDRESS: 4216 INGERSOLL AVE., DES MOINES

SALE DATE: JUNE 15, 2021
SALE PRICE: $425,000
SELLER: TOP IOWA PROPERTIES LLC
BUYER: DICKEY PROPERTIES LLC
SQUARE FEET: 5,057
ACRES: 0.361

ADDRESS: 2900 EASTON BLVD., DES MOINES

SALE DATE: JUNE 16, 2021
SALE PRICE: $320,000
SELLER: EAT CAKE LLC
BUYER: NICK WEBBER & COMPANY LLC
SQUARE FEET: 3,330
ACRES: 0.165

ADDRESS: 2525 N. ANKENY BLVD., UNIT 103 BUILDING 1, ANKENY

SALE DATE: JUNE 16, 2021
SALE PRICE: $515,000
SELLER: COTTONWOOD PLACE ON 26TH LLC
BUYER: BINARY LOGISTICS LLC
SQUARE FEET: 2,500
ACRES: 0.269

ADDRESS: 1919 DELAWARE AVE., DES MOINES

SALE DATE: JUNE 16, 2021
SALE PRICE: $82,500
SELLER: 1919 DELAWARE LLC
BUYER: CELEYA NIEVES, ARTURO M.
SQUARE FEET: 0
ACRES: 0.455

ADDRESS: 7201 S.E. FIFTH ST., DES MOINES

SALE DATE: JUNE 17, 2021
SALE PRICE: $4,900,000
SELLER: HILLCREST GROUP LLC
BUYER: DSM PORTFOLIO 1 HOLDINGS LLC
SQUARE FEET: 73,476
ACRES: 4.75

ADDRESS: 200 DICKMAN ROAD, DES MOINES

SALE DATE: JUNE 17, 2021
SALE PRICE: $13,400,000
SELLER: WILLOW PARK PARTNERS LLC
BUYER: DSM PORTFOLIO 1 HOLDINGS LLC
SQUARE FEET: 223,732
ACRES: 21.026

ADDRESS: 5305 MERLE HAY ROAD, JOHNSTON

SALE DATE: JUNE 17, 2021
SALE PRICE: $520,000
SELLER: 5305 LLC
BUYER: VETCOR OF JOHNSTON LLC
SQUARE FEET: 5,415
ACRES: 0.744

ADDRESS: 480 S. 19TH ST., WEST DES MOINES

SALE DATE: JUNE 17, 2021
SALE PRICE: $331,000
SELLER: HUYNH, CHRISTINA
BUYER: KNEIP, DYLAN
SQUARE FEET: 3,024
ACRES: 0.257

ADDRESS: 4136 PARK AVE., DES MOINES

SALE DATE: JUNE 17, 2021
SALE PRICE: $275,000
SELLER: AYBARR GROUP LLC
BUYER: PARK AVE PARTNERS LLC
SQUARE FEET: 2,006
ACRES: 0.404

ADDRESS: 2720 S.W. NINTH ST., DES MOINES

SALE DATE: JUNE 18, 2021
SALE PRICE: $170,000
SELLER: STERN, ALAN
BUYER: QSA LLC
SQUARE FEET: 1,364
ACRES: 0.42

ADDRESS: 1731 GUTHRIE AVE., DES MOINES

SALE DATE: JUNE 18, 2021
SALE PRICE: $700,000
SELLER: GUTHRIE ENTERPRISES INC.
BUYER: T&C PROPERTY INVESTMENTS LLC
SQUARE FEET: 21,600
ACRES: 1.219

ADDRESS: 2232 GEORGE FLAGG PARKWAY, DES MOINES

SALE DATE: JUNE 18, 2021
SALE PRICE: $475,000
SELLER: CHAROLD REALTY COMPANY
BUYER: HAUSER PROPERTIES LLC
SQUARE FEET: 9,600
ACRES: 1.07

ADDRESS: 3619 SIXTH AVE., DES MOINES

SALE DATE: JUNE 18, 2021
SALE PRICE: $247,000
SELLER: PUNKY PROPERTIES LLC
BUYER: FIFTY FIVE THIRTY THREE LLC
SQUARE FEET: 5,824
ACRES: 0.149

ADDRESS: 9999 UNIVERSITY AVE., CLIVE

SALE DATE: JUNE 21, 2021
SALE PRICE: $2,100,000
SELLER: KC HOLDINGS XI LLC
BUYER: IHWOP LLC
SQUARE FEET: 33,122
ACRES: 3.918

ADDRESS: 1106 CLINTON AVE., DES MOINES

SALE DATE: JUNE 21, 2021
SALE PRICE: $110,000
SELLER: NAIL, MICHELLE R.
BUYER: GREEN MT LLC
SQUARE FEET: 2,023
ACRES: 0.152