Two hotel properties sold in Des Moines metro area
Business Record Staff May 1, 2024 | 7:39 am
2 min read time
415 wordsAll Latest News, Real Estate and DevelopmentMidwest IA Hotels LLC, located in Clive, paid Shree Laxmi Narayan Inc. $3.5 million for property at 1600 N.W. 114th St. in Clive, Polk County real estate records show. The hotel, which operates as a Days Inn, was built on a 2.60-acre parcel in 1989. The three-story building incudes 131 units. The property is valued at $2.7 million. The transaction was recorded April 22.
West Des Moines Hospitality LLC, located in West Des Moines, paid Indianola Hotel LLC $5.4 million for property at 885 S. 51st St. in West Des Moines, records show. The 1.9-acre parcel includes a three-story hotel with 67 units. The hotel, occupied by Sleep Inn, was built in 2016. The property is valued at $3.1 million. The transaction was recorded April 25.
Hyper Energy Bar LLC, operated by Heart of America Group, paid Ankeny JJ LLC $768,00 for property at 1101 S. Ankeny Blvd., records show. The 1.3-acre site is not developed. Since mid-2021, Heart of American Group has developed five Hyper Energy Bar locations: West Des Moines, Waukee, Urbandale, Grimes and Altoona. The coffee and energy drink bar has a walk-up window and drive-thru lanes.
Dallas County
11140 Hickman LLC, located in Urbandale, paid Penta Partners just over $2 million for property at 16195 Laurel St. in Waukee, Dallas County real estate records show. The property includes a 16,500-square-foot steel frame warehouse built in 1993. The property is valued at $1.1 million. The transaction was recorded April 25.
Spencer Properties LLC, located in Waukee, paid Eternity Church $830,000 for property at 29147 Prospect Circle in Adel, records show. The 6.9-acre parcel includes an 8,840-square-foot building, constructed in three phases beginning in 1996. The property, which has been tax-exempt, is valued at $891,160. The transaction as recorded April 23.
Timka LLC, located in Urbandale, paid five property owners $1.76 million for 24 condominiums in building B of Adel Village, 2121 Greene St., Adel, records show. In a related transaction, Trans Investments Inc., located in Urbandale, paid the property owners $1.73 million for 24 condominiums in building A of Adel Village. The former property owners include 2 Goldens LLC, Deekay Investments LLC, RoyalT LLC, Allgood Properties LLC and DRB Investments LLC. Both sales were recorded April 22.Midwest IA Hotels LLC, located in Clive, paid Shree Laxmi Narayan Inc. $3.5 million for property at 1600 N.W. 114th St. in Clive, Polk County real estate records show. The hotel, which operates as a Days Inn, was built on a 2.60-acre parcel in 1989. The three-story building incudes 131 units. The property is valued at $2.7 million. The transaction was recorded April 22.