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NOTABLE TRANSACTION: Hotel property in Urbandale sold

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Urbandale Extended Stay LLC, located in Des Moines, paid Jai Ashapuri Ma LLC $1.6 million for property at 5900 Sutton Place in Urbandale, records show. Ryan Winter, who has offices in Des Moines, manages Urbandale Extended Stay LLC. The property includes a 27,220-square-foot, two-story motel constructed in 1987. The structure includes 60 units. The property in 2021 was valued at $1.1 million. The transaction was recorded March 1.

Hope K Farms and Clayton Mitchell paid a group of people $991,250 for property in unincorporated Polk County, records show. The property is located east of Northeast Berwick Drive and about one-fourth mile south of Northeast 78th Avenue. Sellers included James Bannister and Thomas Bannister. The transaction was recorded Feb. 28.

Graham Group Inc., located in Des Moines, paid Terrance and Debra Norton $800,000 for property at 6596 N.E. 56th St. in Altoona, records show. A 1-acre parcel includes a single-family house built in 1978. A two-acre parcel is undeveloped. The transaction was recorded March 1.

KMG Properties 2400 LLC, located in Ankeny, paid Gardner Properties 1517 LLC $850,000 for property at 1517 N. Ankeny Blvd. in Ankeny, records show. The property includes a 6,804-square-foot office building constructed in 1992. The property in 2021 was valued at $718,000. The transaction was recorded March 2.

Wilbur E Goodhue Inc., located in Carlisle, paid Mid Farm Ag Inc. $2.3 million for farm ground in northern Polk County, records show. The property is located south of 340th Street/Northwest 166th Avenue, between Madrid and Sheldahl. The transaction was recorded March 2.

PRKG 2529 LLC, located in Clive, paid Hope K Farms LLC $5.2 million for property at 1101 E. First St. in Grimes, records show. The property includes a 20,250-square-foot multi-tenant commercial center whose construction was recently completed. The property in 2022 was valued at $3.1 million. The transaction was recorded March 2.

IPE 1031 REV481 LLC, located in West Des Moines, paid Elkhart Properties LC $1.3 million for property at 1410 W. Walnut St. in Elkhart, records show. The transaction, which includes the purchase of eight warehouse condominium units, was recorded March 2.

CM Real Estate LLC, located in Saint Cloud, Minn., paid Jocar Properties LLC $1.2 million for property at 505 Sheridan Ave. in Des Moines, records show. The 1.7 acres include a 12,449-square-foot office/warehouse built in 1957. The property is valued at $622,000. The transaction was recorded March 3.

Clarified Management LLC, located in Urbandale, paid 2026 South Hammond Road LP $9.3 million for property at 640 S. 50th St. in West Des Moines, records show. The property includes a 19,540-square-foot building with commercial and residential space. The transaction was recorded March 3.

Dallas County

Mickael and Anastasia Thomson paid the Howard Wahlert Living Trust $1.6 million for property at 31651 Silverado Lane in Waukee, Dallas County real estate records show. The 5.75-acre parcel includes a 4,454-square-foot house built in 1996. The transaction was recorded Feb. 27.

Daniel and Gretchen Wilhelmi paid Keith Rothfus $1 million for farm ground located on the southeast corner of 120th Place/340th Street and O Avenue in northern Dallas County, records show. The transaction was recorded Feb. 28.

Kimberley Development Corp., located in Ankeny, paid Stonewood Inc. $1.3 million for property at 1576 S. Stonewood Drive and 1468 and 1490 S. Timber Lane in West Des Moines, records show. The property includes over 3 acres of undeveloped land. The transaction was recorded March 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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