Top deal: $40 million | Ankeny

Food processing giant JBS USA paid Hy-Vee Inc. subsidiary Perishable Distributors of Iowa LTD. $40 million for property at 4150 SE Delaware Ave. in Ankeny. Hy-Vee opened the facility in 2018 to produce grab-and-go items for its stores. It closed the facility in June 2025. The 198,454-square-foot plant sits on 12 acres. JBS has said it plans to make ready-to-eat bacon and ready-to-eat sausage at the plant. The property is valued at $26.1 million. The transaction was recorded Aug. 27. Photo by Duane Tinkey

Other deals

$30 million | Altoona

Eight limited liability companies, all managed by JSB Capital Group in Baltimore, paid Hawkeye Investment Partners I LLC $30 million for the property at 2402 21st St. NW in Altoona. The 16-acre parcel includes a 259,056-square-foot warehouse built in 2023. The property is valued at $28.1 million. The transaction was recorded Dec. 29.

$25 million | Altoona

PW Fund B LP, managed by Sacramento, Calif.-based Buzz Oates, paid Endeavor Investments IX LLC $25 million for property at 555 Ninth St. NE in Altoona. The property includes a 302,604-square-foot warehouse, known as the I-80 Distribution Center, that was built in 2022 on over 16 acres. The property is valued at $27.2 million. The transaction was recorded Sept. 26.

$16.6 million | Ankeny

PW Fund B LP, managed by Sacramento, Calif.-based Buzz Oates, paid Endeavor Investments VIII LLC $16.6 million for property at 7125 SE Delaware Ave. in Ankeny. The 11.7-acre parcel includes a 180,000-square-foot warehouse built in 2022. The property is valued at $18.5 million. The transaction was recorded April 17, 2025.

$8.7 million | Ankeny

CCCO23 LLC, based in Meridian, Idaho,  paid AAA Storage Inc. $8.7 million for property at 2175 N. Ankeny Blvd. The 4-acre parcel includes a three-story, 128,744-square-foot mini-storage warehouse built in 2018. The property is valued at $7.9 million. The transaction was recorded on Nov. 3. 

$5.8 million | Waukee

Waukee Ventures LLC, located in Wichita, Kan., paid Downing Development LTD $5.8 million for property at 75 NE Venture Drive in Waukee. The property includes two 14,000-square-foot metal warehouses. The transaction was recorded Nov. 24.

$3.7 million | Des Moines

NPJTC LLC, located in West Des Moines, paid 3800 Dixon LLC $3.7 million for property at 3800 Dixon St. in Des Moines. The 9.8-acre parcel includes a 62,800-square-foot industrial building constructed in 1965. The property is valued at $2.19 million. The transaction was recorded Dec. 22.

$3.7 million | Clive

94th Property LLC, located in Clive, paid Mark Anderson Properties LC $3.7 million for property at 1985 NW 94th St. in Clive. The nearly 2-acre parcel includes 35,000 square feet of warehouse space. The property is valued at $2.7 million. The transaction was recorded Nov. 26. 

$3.7 million | Des Moines

Mercury Group LLC, located in Johnston, paid SKJ LLC $3.7 million for property at 800 New York Ave. in Des Moines. The nearly 4-acre parcel includes a 91,137-square-foot cold storage warehouse. The one-story structure was built in 1969. The property is valued at $1.37 million. The transaction was recorded Nov. 17.

$3.7 million | Grimes

Harvest Equity LLC, located in Grimes, paid Merge Right LLC $3.2 million for property at 1400 SE 11th St. The 4.3-acre parcel includes a 40,379-square-foot office/warehouse built in 2008. The property is valued at $3.8 million. The transaction was recorded Jan. 17, 2025.

Source: Dallas and Polk assessors’ offices