2 entities acquire apartment complex on Des Moines’ north side

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Limited liability companies based in Creston, Iowa, and St. Paul, Minn., have acquired an apartment complex at 3800 Martin Luther King Jr. Parkway in Des Moines, Polk County real estate records

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Apartment complex at 3800 Martin Luther King Jr. Parkway in Des Moines that was sold recently. Photo courtesy Polk County Assessor

show. 3800 MLK LLC, located in Creston, and 1664 Concordia LLC, located in St. Paul, acquired the property from Cornerstone Apartments LLC, paying the limited liability company $2.4 million. The three-story, C-shaped building was constructed in 1971 and includes 45 units. The property is valued at $2.1 million. The transaction was recorded April 2.

In other transactions:

Reveiz Farms Inc., located in Des Moines, paid the Donna Speas Trust $1.99 million for nearly 90 acres of farmland in northeast Polk County, records show. The land is about one-half mile south of Northeast 94th Avenue and east of Northeast 80th Street. The transaction was recorded April 1.

KBSB Properties LLC, located in Grimes, paid Birchwood Crossing Business Park I LLC $8.6 million for property at 7901 Birchwood Court in Johnston, records show. The 7.6-acre parcel includes a 71,984-square-foot warehouse built in 2019. The property is valued at $6.7 million. The transaction was recorded April 2.

1313 21st St LLC, located in Ankeny, paid JMAE LLC $950,000 for property at 1313 21st St. in Des Moines, records show. The property includes a three-story, 18-unit apartment building constructed in 1970. The property is valued at $418,000. The transaction was recorded April 2.

Calvin Park LLC, located in Des Moines, paid Calvin Community $8.9 million for property at 44th Street and Hickman Road in Des Moines, records show. The property includes the Calvin Park mixed-use condominiums and adjacent parking. The development, which includes 36 living units, was built in 2018. The property is valued at $7.1 million. The transaction was recorded April 2.

Iowa FLC LLC, located in Clive, paid Homestead Farms LLC $2.3 million for farmland in Polk County, records show. One 39-acre parcel is located north of Northeast 102nd Avenue, about one-fourth of a mile east of Northeast 64th Street. The second parcel, located near the first, includes over 80 acres. The transaction was recorded April 2.

Infinite Hotels IA LLC, located in Waukee, paid Hart Family Hotel Ankeny LLC $4.15 million for property at 2406 S.E. Tones Drive in Ankeny, records show. The property includes a three-story, 67-unit hotel built in 2017. A Sleep Inn has been located in the building. The property is valued at $3.4 million. The transaction was recorded April 3.

Kwik Trip Inc., located in La Crosse, Wis., paid GLC DCI Land LLC $3 million for undeveloped property at 800 Eighth St. N.W. in Mitchellville, records show. The site includes nearly 10 acres. The transaction was recorded April 4.

Thomas Owen, Tara Owen, Matthew Owen and Shanda Owen paid the Richard Miller Estate $1 million for 70 acres of farm land in northern Polk County, records show. The land is located west of Northeast 64th Street, about one-fourth of a mile north of Northeast 130th Avenue. The transaction was recorded April 4.

NH1 Properties A LLC, based in Miami, Fla., paid JPJ Investments LLC $1.89 million for property at 6316 Urbandale Ave. in Des Moines, records show. The property includes a three-story apartment building with 30 units. The building was constructed in 1973. The property is valued at $1.97 million. The transaction was recorded April 5.

DALLAS COUNTY
Roscoe Jones Jr. and Serena Holthe paid Paramount Destination Homes Inc. just over $1 million for property at 10415 Thorne Drive in West Des Moines, Dallas County real estate records show. The property includes a recently completed 2,011-square-foot ranch house. The transaction was recorded April 2.

Chad Pennington paid Bruan Family Farms just over $1 million for nearly 80 acres of farm land in rural Dallas County, records show. The land is east of F Avenue and about 1 mile south of Highway 141. The transaction was recorded April 1.

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Kathy A. Bolten

Kathy A. Bolten is a senior staff writer at Business Record. She covers real estate and development, workforce development, education, banking and finance, and housing.

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