NOTABLE TRANSACTIONS: Neighborhood retail center on Des Moines’ west side sold
BPC Staff Dec 7, 2022 | 12:14 am
3 min read time
768 wordsAll Latest News, Real Estate and DevelopmentA decades-old strip retail center in Des Moines’ Waveland Park neighborhood has a new owner.
APG Real Estate, located in Des Moines, paid BP Franklin LLC just over $1 million for property at 5800 Franklin Ave., Polk County real estate records show.
The property includes an 8,453-square-foot neighborhood shopping center built in 1959. Tenants include Simon’s, a neighborhood restaurant; Medicap Pharmacy; and other small retail shops. The property is valued at $376,000.
The transaction also includes a surface parking lot on the west side of the building. The nearly 0.2-acre parcel is valued at $50,700.
The transaction was recorded Dec. 1.
In other transactions:
APG Real Estate, located in Des Moines, paid BP Franklin LLC just over $1 million for property at 5800 Franklin Ave., Polk County real estate records show.
The property includes an 8,453-square-foot neighborhood shopping center built in 1959. Tenants include Simon’s, a neighborhood restaurant; Medicap Pharmacy; and other small retail shops. The property is valued at $376,000.
The transaction also includes a surface parking lot on the west side of the building. The nearly 0.2-acre parcel is valued at $50,700.
The transaction was recorded Dec. 1.
In other transactions:
Dragonfly Hospitality LLC, located in Irving, Texas, paid F&S Rosenberger LLC $686,755 for two undeveloped lots at 235 and 255 Adventureland Drive N.W. in Altoona, real estate records show. The parcels are in an area where two hotels – Hampton Inn & Suites and Holiday Inn Express & Suites – are located. The transaction was recorded Nov. 29.
A Clive-based entity has purchased purchase a warehouse located in Urbandale, real estate records show. 1031 22 LLC paid 3301 111th Street LLC $1.6 million for property at 3301 1111th St. in Urbandale. The property includes a 40,500-square-foot warehouse whose construction was recently completed. The transaction was recorded Nov. 30.
Douglas Escalona paid Kimberli Pitts $1.7 million for property at 13302 N.E. 96th St. in Maxwell, records show. The property includes a one-story, 4,809-square-foot house built in 2004. The transaction was recorded Dec. 1.
Maruca LLC, located in Des Moines, paid Tri State Investments LLP $1.2 million for property at 1823 Ohio St., records show. The property includes a 9,952-square-foot warehouse built in 1991. The property is valued at $829,000. The transaction was recorded Dec. 1.
Ryan and Jana Bakke paid Kimberley Development Corp. just over $1 million for property at 11725 N.W. Brookefield Court in Grimes, records show. The property includes a newly constructed single-family house. The one-story ranch is 2,245 square feet. The transaction was recorded Dec. 1.
Grisham Family III LLC, located in Springfield, Mo., paid KG Store 1024 LLC for property at 5970 Morning Star Court in Pleasant Hill, records show. The 1.2-acre parcel includes a 5,620-square-foot convenience store with fuel pumps. The store is occupied by Kum & Go. The property is valued at $1.4 million. The transaction was recorded Dec. 2.
Gary and Iris Peters paid Timothy and Sharon Glenn $1.3 million for property at 10502 N.W. 75th Place in Johnston, records show. The two-story, 4,384-square-foot house was built in 2007. The transaction was recorded Dec. 2.
Clive TW LC, located in Lodi, N.J., paid Twas Properties LLC $5.9 million for property at 11410 Forest Ave. in Clive, records show. The 1.5-acre parcel includes a car wash occupied by Tidal Wave Auto Spa. The transaction was recorded Dec. 2.
Colver Land Co. LLLP, located in Colorado, paid Ironroad Properties LLC $2.76 million for 10 residential townhome properties in Grimes, records show. The townhouses are located between 2009-2029 N.E. 15th Lane and 1400-1412 N.E. Primrose Lane. The transaction was recorded Dec.2.
Dallas County
Ownership of 14 residential building lots in northwest Waukee changed hands twice in November, Dallas County real estate records show. Happe Homes LLP, located in Ankeny, paid Prairie Rose Waukee LLC just over $1 million for the undeveloped lots in a development near Triumph Park in Waukee, records show. The lots are south of Northwest Douglas Parkway and east of Northwest Second Street. In a related transaction, Wilson Reed LLC, located in Waukee, paid Happe Homes $1.13 million for the lots. Both transactions were recorded on Nov. 30.
Structured Supply LLC, located in Clive, paid Jordan Ridge LLC $905,000 for undeveloped property at 7821 and 7832 Edgewood Court in West Des Moines, records show. The parcel at 7821 Edgewood Court is 2.13 acres; the parcel at 7832 Edgewood Court is 1.25 acres. The transaction was recorded Nov. 30.
Metro Acquisitions II LLC, located in Clive, paid the Shoeman Family Trust $3.3 million for property at 78 acres of undeveloped land in northwest Waukee, records show. The farm ground is located west of North 10th Street and north of a new Waukee 8-9 middle school that’s under construction. Metro Acquisitions is managed by Jeffrey Stanbrough. The transaction was recorded Dec. 1.
Michael and Donna McClure paid the Candy Morgan Living Trust $1.2 million for 78 acres of farm ground located west of R Avenue in rural Dallas County, records show. The transaction was recorded Dec. 1.
SM Assets, located in Urbandale, paid Kettlestone Heights LLC $6.48 million 24 townhouses located along Southeast Greyson Lane and Southeast Sydney Lane in Waukee, records show. The development, called Kettlestone Heights, is south of Southeast Westown Parkway. The transaction was recorded Dec. 2.
A Clive-based entity has purchased purchase a warehouse located in Urbandale, real estate records show. 1031 22 LLC paid 3301 111th Street LLC $1.6 million for property at 3301 1111th St. in Urbandale. The property includes a 40,500-square-foot warehouse whose construction was recently completed. The transaction was recorded Nov. 30.
Douglas Escalona paid Kimberli Pitts $1.7 million for property at 13302 N.E. 96th St. in Maxwell, records show. The property includes a one-story, 4,809-square-foot house built in 2004. The transaction was recorded Dec. 1.
Maruca LLC, located in Des Moines, paid Tri State Investments LLP $1.2 million for property at 1823 Ohio St., records show. The property includes a 9,952-square-foot warehouse built in 1991. The property is valued at $829,000. The transaction was recorded Dec. 1.
Ryan and Jana Bakke paid Kimberley Development Corp. just over $1 million for property at 11725 N.W. Brookefield Court in Grimes, records show. The property includes a newly constructed single-family house. The one-story ranch is 2,245 square feet. The transaction was recorded Dec. 1.
Grisham Family III LLC, located in Springfield, Mo., paid KG Store 1024 LLC for property at 5970 Morning Star Court in Pleasant Hill, records show. The 1.2-acre parcel includes a 5,620-square-foot convenience store with fuel pumps. The store is occupied by Kum & Go. The property is valued at $1.4 million. The transaction was recorded Dec. 2.
Gary and Iris Peters paid Timothy and Sharon Glenn $1.3 million for property at 10502 N.W. 75th Place in Johnston, records show. The two-story, 4,384-square-foot house was built in 2007. The transaction was recorded Dec. 2.
Clive TW LC, located in Lodi, N.J., paid Twas Properties LLC $5.9 million for property at 11410 Forest Ave. in Clive, records show. The 1.5-acre parcel includes a car wash occupied by Tidal Wave Auto Spa. The transaction was recorded Dec. 2.
Colver Land Co. LLLP, located in Colorado, paid Ironroad Properties LLC $2.76 million for 10 residential townhome properties in Grimes, records show. The townhouses are located between 2009-2029 N.E. 15th Lane and 1400-1412 N.E. Primrose Lane. The transaction was recorded Dec.2.
Dallas County
Ownership of 14 residential building lots in northwest Waukee changed hands twice in November, Dallas County real estate records show. Happe Homes LLP, located in Ankeny, paid Prairie Rose Waukee LLC just over $1 million for the undeveloped lots in a development near Triumph Park in Waukee, records show. The lots are south of Northwest Douglas Parkway and east of Northwest Second Street. In a related transaction, Wilson Reed LLC, located in Waukee, paid Happe Homes $1.13 million for the lots. Both transactions were recorded on Nov. 30.
Structured Supply LLC, located in Clive, paid Jordan Ridge LLC $905,000 for undeveloped property at 7821 and 7832 Edgewood Court in West Des Moines, records show. The parcel at 7821 Edgewood Court is 2.13 acres; the parcel at 7832 Edgewood Court is 1.25 acres. The transaction was recorded Nov. 30.
Metro Acquisitions II LLC, located in Clive, paid the Shoeman Family Trust $3.3 million for property at 78 acres of undeveloped land in northwest Waukee, records show. The farm ground is located west of North 10th Street and north of a new Waukee 8-9 middle school that’s under construction. Metro Acquisitions is managed by Jeffrey Stanbrough. The transaction was recorded Dec. 1.
Michael and Donna McClure paid the Candy Morgan Living Trust $1.2 million for 78 acres of farm ground located west of R Avenue in rural Dallas County, records show. The transaction was recorded Dec. 1.
SM Assets, located in Urbandale, paid Kettlestone Heights LLC $6.48 million 24 townhouses located along Southeast Greyson Lane and Southeast Sydney Lane in Waukee, records show. The development, called Kettlestone Heights, is south of Southeast Westown Parkway. The transaction was recorded Dec. 2.
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