Commercial Real Estate Transactions

8/3/2022

COMMERCIAL REAL ESTATE TRANSACTIONS IN POLK COUNTY THROUGH JULY 19, 2022

3333 GRAND AVE., DES MOINES

SALE DATE: 2022-06-10
SALE PRICE: $10,900,000
SELLER: 3333 GRAND LLC
BUYER: WINDSOR TERRACE DES MOINES LLC
SQUARE FEET: 119,039
ACRES: 5.06

3881 121ST ST., URBANDALE

SALE DATE: 2022-06-10
SALE PRICE: $2,350,000
SELLER: TUSCANY VILLAGE CENTER LC
BUYER: PCWDM II LLC
SQUARE FEET: 22,463
ACRES: 2.82

3700 PRAIRIE FIRE N.W., ALTOONA

SALE DATE: 2022-06-14
SALE PRICE: $1,209,250
SELLER: PRAIRIE CROSSING INVESTMENT INC.
BUYER: CWP WEST CORP.
SQUARE FEET: 0
ACRES: 1.5

2525 N. ANKENY BLVD., UNIT 109, BLDG 1, ANKENY

SALE DATE: 2022-06-14
SALE PRICE: $260,000
SELLER: DRA PROPERTIES LC
BUYER: CROWDER, PATRICK G
SQUARE FEET: 1,250
ACRES: 0.13

10095 HICKMAN COURT, CLIVE

SALE DATE: 2022-06-14
SALE PRICE: $1,250,000
SELLER: ROW LLC
BUYER: JDS REAL ESTATE INVESTMENTS LLC
SQUARE FEET: 15,372
ACRES: 1.15

3121 KINGMAN BLVD., DES MOINES

SALE DATE: 2022-06-15
SALE PRICE: $879,800
SELLER: WILDRICK (TRUSTEE), SALLY A
BUYER: FFR KINGMAN LLC
SQUARE FEET: 14,070
ACRES: 0.80

3111 S.E. 72ND ST., ANKENY

SALE DATE: 2022-06-15
SALE PRICE: $578,450
SELLER: NEXTERA PROPERTIES LLC
BUYER: SEVENTEEN-THIRTY LLC
SQUARE FEET: 0
ACRES: 2.41

1012 GRAND AVE., WEST DES MOINES

SALE DATE: 2022-06-15
SALE PRICE: $1
SELLER: VF REALTY PARTNERS
BUYER: VF REALTY LC
SQUARE FEET: 3,509
ACRES: 0.43

7305 S.E. CROSSWINDS DRIVE, ANKENY

SALE DATE: 2022-06-16
SALE PRICE: $19,290,000
SELLER: CROSSWINDS BUSINESS PARK BUILDING II LLC
BUYER: KBK POMONA PROPERTIES LLC
SQUARE FEET: 220,740
ACRES: 23.21

1673 N.E. 70TH AVE., ANKENY

SALE DATE: 2022-06-16
SALE PRICE: $2,458,000
SELLER: C MICHAEL THOMPSON FAMILY FARMS INC
BUYER: WOODSIDE NORTH LLC
SQUARE FEET: 60,060
ACRES: 9.66

328 GRAND AVE., WEST DES MOINES

SALE DATE: 2022-06-16
SALE PRICE: $1,535,000
SELLER: REAL ESTATE HOLDINGS II LLC
BUYER: KKR, LLC
SQUARE FEET: 9,980
ACRES: 0.72

2607 BEAVER AVE., DES MOINES

SALE DATE: 2022-06-17
SALE PRICE: $350,000
SELLER: LEE, FRANK F
BUYER: UPTEMPO PROPERTIES LLC
SQUARE FEET: 1,804
ACRES: 0.25

6095 N.E. INDUSTRY DRIVE, DES MOINES

SALE DATE: 2022-06-20
SALE PRICE: $3,100,000
SELLER: DRA PROPERTIES LC
BUYER: KINGDOM CARE CORP
SQUARE FEET: 30,000
ACRES: 5.44

1408 E. COURT AVE., DES MOINES

SALE DATE: 2022-06-21
SALE PRICE: $1,350,000
SELLER: COURT AVENUE CHILD CARE LLC
BUYER: ALL STAR DAYCARE INC
SQUARE FEET: 8,906
ACRES: 0.50

221 PARK ST., DES MOINES

SALE DATE: 2022-06-22
SALE PRICE: $1,285,220
SELLER: MASTER BLDRS OF IA
BUYER: LOCUST CENTER, LTD.
SQUARE FEET: 6,808
ACRES: 0.50

155 N.E. 46TH PLACE, DES MOINES

SALE DATE: 2022-06-22
SALE PRICE: $180,000
SELLER: HOLMES, DEWAYNE A., ESTATE
BUYER: EMMACK, STEPHEN J
SQUARE FEET: 4,496
ACRES: 0.57

Des Moines real estate mogul Richard Hurd continues acquiring Hy-Vee-owned properties, including the Hy-Vee store in Altoona for $19.6 million. The land and building are valued at $5.01 million. Hurd will lease the property to the store, one of eight sale-leaseback agreements with Hy-Vee in June. Last fall, Hurd purchased the Hy-Vee grocery store, gas station and convenience store in Ankeny’s Prairie Trail development. According to Hurd’s website, the investor’s portfolio currently includes about 30 Hy-Vee properties scattered across Iowa, Illinois, Minnesota, Missouri, Nebraska, South Dakota and Kansas.

108 EIGHTH ST. S.W., ALTOONA

SALE DATE: 2022-06-23
SALE PRICE: $19,633,120
SELLER: HY-VEE INC
BUYER: HURD ALTOONA LLC
SQUARE FEET: 85,702
ACRES: 9.15

309 E. FIRST ST., ANKENY

SALE DATE: 2022-06-23
SALE PRICE: $600,000
SELLER: OAKSTONE OFFICE LLC
BUYER: CH OFFICE HOLDINGS LLC
SQUARE FEET: 1,894
ACRES: 0.54

1220 73RD ST., WINDSOR HEIGHTS

SALE DATE: 2022-06-23
SALE PRICE: $410,000
SELLER: KLEMP PROPERTIES LLC
BUYER: JDS REAL ESTATE INVESTMENTS LLC
SQUARE FEET: 5,200
ACRES: 0.29

544 FOURTH ST., WEST DES MOINES

SALE DATE: 2022-06-23
SALE PRICE: $150,000
SELLER: GEORGE & KAREN HEDDINGER REVOCABLE TRUST
BUYER: JDS REAL ESTATE INVESTMENTS LLC
SQUARE FEET: 1,564
ACRES: 0.10

1801 MCKINLEY AVE., DES MOINES

SALE DATE: 2022-06-24
SALE PRICE: $750,000
SELLER: MCKINLEY MANOR LLC
BUYER: SEC HOLDINGS, LLC
SQUARE FEET: 18,794
ACRES: 7.63

5075 E. UNIVERSITY AVE., PLEASANT HILL

SALE DATE: 2022-06-24
SALE PRICE: $1,500,000
SELLER: PCWDM II LLC
BUYER: KELLOGG PROPERTIES, LLC
SQUARE FEET: 18,900
ACRES: 1.65

2400 86TH ST., UNIT 10, URBANDALE

SALE DATE: 2022-06-24
SALE PRICE: $125,000
SELLER: BEAR ELECTRONICS INC
BUYER: TEN86, LLC
SQUARE FEET: 1,662
ACRES: 0.18

3410 S.E. 22ND ST., WEST DES MOINES

SALE DATE: 2022-06-27
SALE PRICE: $1,000,000
SELLER: RANDA, GARY L
BUYER: STONE CROSS PROPERTIES LLC
SQUARE FEET: 27,450
ACRES: 13.68

2601 E. UNIVERSITY AVE., DES MOINES

SALE DATE: 2022-06-29
SALE PRICE: $379,660
SELLER: BEHAVIORAL TECHNOLOGIES CORP
BUYER: MOSAIC
SQUARE FEET: 5,830
ACRES: 0.39

3261 E. EUCLID AVE., DES MOINES

SALE DATE: 2022-06-29
SALE PRICE: $665,000
SELLER: AFS 33RD STREET LLC
BUYER: FIRST LINK 3 LLC
SQUARE FEET: 8,064
ACRES: 0.65

1200 WILLIAMS ST., DES MOINES

SALE DATE: 2022-06-29
SALE PRICE: $327,000
SELLER: BEHAVIORAL TECHNOLOGIES CORP
BUYER: MOSAIC
SQUARE FEET: 3,537
ACRES: 0.38

1301 OHIO ST., DES MOINES

SALE DATE: 2022-06-30
SALE PRICE: $1,150,000
SELLER: JLT LEASING LLC
BUYER: VERIDIAN LIMITED
SQUARE FEET: 15,613
ACRES: 1.44

2415 HICKMAN ROAD, DES MOINES

SALE DATE: 2022-06-30
SALE PRICE: $69,000
SELLER: DINH, VUONG
BUYER: ANEAKOT LLC
SQUARE FEET: 0
ACRES: 0.56

1008 SECOND ST. N.E., BONDURANT

SALE DATE: 2022-06-30
SALE PRICE: $1,275,000
SELLER: MCGRATH, KATHLEEN C
BUYER: BONDURANT PROPERTIES LLC
SQUARE FEET: 13,400
ACRES: 0.83

10951 MEREDITH DRIVE, URBANDALE

SALE DATE: 2022-06-30
SALE PRICE: $804,170
SELLER: URBANDALE DMD LLC
BUYER: PREMIER CREDIT UNION
SQUARE FEET: 0
ACRES: 1.42

221 S.E. MAIN ST., GRIMES

SALE DATE: 2022-07-01
SALE PRICE: $100,000
SELLER: PETERSEN & PETERSEN AGENCY INC
BUYER: 221 MAIN LLC
SQUARE FEET: 2,904
ACRES: 0.07

1814 SIXTH AVE., DES MOINES

SALE DATE: 2022-07-05
SALE PRICE: $83,000
SELLER: LANE INVESTMENTS LLC
BUYER: WILES, MARKEY ADON
SQUARE FEET: 2,511
ACRES: 0.15

4995 MERLE HAY ROAD, DES MOINES

SALE DATE: 2022-07-05
SALE PRICE: $2,300,000
SELLER: HARI KRUSHNA INC
BUYER: ADI LAKSHMI LODGING INC
SQUARE FEET: 59,240
ACRES: 1.85

635 NEW YORK AVE., DES MOINES

SALE DATE: 2022-07-06
SALE PRICE: $700,000
SELLER: BELL REAL ESTATE LC
BUYER: AG & EG LLC
SQUARE FEET: 14,720
ACRES: 0.78

1818 48TH ST., DES MOINES

SALE DATE: 2022-07-07
SALE PRICE: $578,460
SELLER: TESSMER, SARA L
BUYER: FRANKLIN REHAB LLC
SQUARE FEET: 55,366
ACRES: 3.62

4729 N.W. 62ND AVE., JOHNSTON

SALE DATE: 2022-07-07
SALE PRICE: $3,210,000
SELLER: HH&L RESIDENTIAL HOUSING COOP
BUYER: JACKSON REAL ESTATE, LLC
SQUARE FEET: 36,960
ACRES: 3.32

2900 WESTOWN PARKWAY, WEST DES MOINES

SALE DATE: 2022-07-07
SALE PRICE: $725,000
SELLER: LB PROPERTIES III LLC
BUYER: BLUE MARBLE INVESTMENTS, LLC
SQUARE FEET: 19,880
ACRES: 2.03

309 E. FIRST ST., GRIMES

SALE DATE: 2022-07-08
SALE PRICE: $350,000
SELLER: SCHWIESO, DENNIS A
BUYER: CITY OF GRIMES
SQUARE FEET: 3,500
ACRES: 0.23

NO ADDRESS LISTED

SALE DATE: 2022-07-12
SALE PRICE: $905,000
SELLER: LEWF LLC
BUYER: HEARTLAND PARK ELDERLY LIVING CENTER LP
SQUARE FEET: 0
ACRES: 0.77

9900 SWANSON BLVD., CLIVE

SALE DATE: 2022-07-14
SALE PRICE: $5,325,000
SELLER: MCR INVESTMENTS IV LLC
BUYER: CREEKSIDE CLIVE, LLC
SQUARE FEET: 47,836
ACRES: 7.13 ♦